XRP’s performance recently raised questions as Ripple prepares to unlock 1 billion XRP on January 1, 2025. Previously, the unlocking event in December did not negatively affect XRP’s price, which held around 1.8 USD, then actually surged following the release.
Ripple currently controls about 55 billion XRP in escrow accounts, nearly 55% of the total token supply. XRP tokens are released monthly to ensure market liquidity and not for direct trading purposes, helping stabilize its price amidst significant market movements.
Analysts, including Egrag Crypto, are positive about XRP’s future, predicting it could outperform BTC and ETH due to market dominance shifts. These forecasts, along with others by Bitstamp, suggest possible double-digit gains for XRP as its market share grows.