Ripple will unlock 1 billion XRP on January 1 – What to expect?

On the first day of every month, Ripple unlocks 1 billion XRP tokens from an escrow system of the XRP Ledger. On January 1 (Monday), the company will unlock $620 million worth of tokens in three transactions of 100 million, 400 million, and 500 million XRP.

Timeline of Xrp

XRP whales are at it again, and this time, their actions seem to be signaling a bullish sentiment towards the XRP token as they have once again accumulated large sums of the crypto token. This is significant as their latest buys could see XRP move to the upside on the charts.

XRP whales are on the move again, as on-chain data reveals that the crypto asset has witnessed a massive whale activity in the past day, which has led investors and the crypto community to ponder on the reasons behind these large transactions. Whale Transfers 47 million XRP To Cryptocurrency Exchanges A report has shown that a whale has shifted approximately 47 million XRP tokens to crypto exchanges.

In a whirlwind reminiscent of a roller coaster racing at extra high speed, the crypto market in the last 24 hours has been fueled by transactions in the hundreds of millions and billions of dollars. Traders of all kinds engaged in a craze, resulting in a staggering $177.86 million in liquidated positions, with a dominant 71.88% being long positions – a clear indication of overbullish sentiment among investors, according to data from CoinGlass.

XRP, an eminent cryptocurrency backed by Ripple Labs, once again stirred a whirlpool of speculations across the broader crypto market on Friday as the token recorded significant whale transfers recently. Notably, as per the data hovering over the crypto horizon, two significant whale transfers appear to have caught the eyes of crypto market enthusiasts.

Ripple XRP coin is currently in the spotlight following an expert's analysis suggesting a potential surge in its value. Amid its ongoing consolidation phase, Ripple is showing signs that could lead to a significant increase in its price, possibly reaching $3.70.

Popular crypto analyst JD, known for predicting XRP's bottom at the $0.28 price level, has warned of a batch of ‘dumb money' traders missing on the next XRP price surge. According to JD, this set of traders may overlook the opportunity to get on before the next price surge, drawing parallels to past XRP price action.

An XRP critic is choosing to go in on the crypto token as he sees an opportunity to make reasonable profits from the crypto token. This hasn't changed his stance, though, as he made it clear from his comments that he is still critical of the XRP token and its community.

In December, Ripple Labs transferred 310 million XRP ($198 million) from its Ripple (1) escrow wallet. The transfer by Ripple has left roughly 26.34 million XRP in the wallet, which, at today's XRP price, is worth approximately $16.7 million.

In an unexpected turn of events, XRP Ledger experienced an unprecedented surge in activity, with daily transactions skyrocketing by an astounding 350% within the last 24 hours, reaching a staggering 4.11 million transactions. This marks the highest activity level in the past two years, surpassing the November 2021 record.

Despite the high volatility in Bitcoin (BTC) price, the XRP price is yet to show similar signs in the current market cycle that is dominated by the prospects of the likelihood of a spot Bitcoin ETF approval in the United States. Compared to the nearly 13% jump in BTC price over the last 30 days,