Introduction:

Ripple is getting ready to release 1 billion XRP tokens, valued at $628.5 million, on April 1st. This monthly event, part of Ripple's sales process, could impact the price of XRP in the coming weeks.

Ripple's XRP Sales:

Since 2017, Ripple has been releasing 1 billion XRP tokens on the first day of each month through completed escrows. April marks a change, with different accounts being used for internal inflation calculations in recent years.

Changes in Unlocking Process:

Starting this April, Ripple will use the 'Ripple (10)' wallet to unlock 100 million and 400 million XRP, and the 'Ripple (11)' wallet for two unlock transactions of 200 million and 300 million tokens.

March Unlocking Events:

In March, 1 billion XRP tokens were released from the 'Ripple (22)' and 'Ripple (23)' accounts. 200 million tokens were set aside for expenses in March, and the rest were re-locked for July and August 2027.

XRP Price Outlook:

The price of XRP has been under scrutiny amid these unlocking events. Past events have often led to significant negative movements in XRP's price. Despite some recent positive movements, negative trends have been more pronounced.

Current XRP Price:

As of now, XRP is trading at $0.6378, showing a 2% increase and staying above the $0.60 support level. It's approaching the $0.65 resistance level. Investors should closely monitor Ripple's sales activities in April after the release of tokens worth over $628.5 million.

Conclusion:

With Ripple unlocking 1 billion XRP tokens, investors are keeping a close eye on how this will impact the price of XRP in the market. The coming weeks will reveal the effects of this release, shaping the future trajectory of XRP's value.