XRP Enthusiasts Fear Ripple Could Hinder $3.84 Price Surge

XRP’s peak at $3.84 on Jan 4, 2018, remains unbroken, with current trading at $0.4948.
Ripple holds over 40 billion XRP, potentially worth $153 billion at $3.84 per coin.
Data shows 1.75M wallets hold 0-20 XRP, with minimal impact on liquidity at $3.84.

Ripple’s possible impact on XRP’s price trend has the XRP community abuzz with speculative activity. Fearing that Ripple will prevent XRP from reaching its previous all-time high of $3.84, several members of the XRP Army voice their concerns.

Inspiration from Ripple’s Monthly XRP Sales

This speculation stems from Ripple’s regular XRP sales and the belief that a surge to $3.84 could trigger profit-taking by long-term holders, potentially causing Ripple to lose retail liquidity.

A recent post ignited this debate, prompting diverse opinions within the community. One viewpoint suggests that Ripple’s delay in achieving $3.84 could indicate reluctance to facilitate such a price surge.

The Significance of $3.84 for XRP

The $3.84 mark holds immense significance as XRP’s historical peak, reached on January 04, 2018. Despite subsequent bull markets, XRP has yet to revisit this level, now trading at $0.4933, representing a substantial decline.

While some argue that retail investors’ potential exit at $3.84 could disrupt XRP’s liquidity, others contend that their impact is minimal based on data from the XRP Rich List that approximately 1.75 million XRP wallets have 0-20 tokens, totaling 21.27 million XRP. Around 2.42 million wallets have 20-500 tokens, totaling 181.86 million XRP, while 160 wallets have over 6 billion XRP.

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XRP enthusiast John K, based in New York, suggests that Ripple preventing XRP from reaching $3.84 would be counterproductive. He highlights Ripple’s substantial XRP holdings and the potential benefits of a $3.84 price surge.

Ripple’s Potential Gain

Ripple’s holdings, exceeding 40 billion XRP in spendable balance and escrow, valued at approximately $20 billion. Therefore, a $3.84 price per XRP puts the company on a reserve of over $153 billion contradicting notions of Ripple suppressing the price due to retail exits.

Ultimately, XRP’s price is subject to market dynamics beyond Ripple’s influence. Even if Ripple aimed to suppress prices, its vast holdings, largely escrowed, limit immediate market impact.

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Antonella Martin

Ronny Mugendi is an expert crypto writer specializing in blockchain technology and digital finance. He delivers clear, insightful content that demystifies complex crypto topics for a wide audience. Ronny's work is known for its depth, accuracy, and engaging style.