Introduction:

On April 1st, Ripple plans to make 1 billion XRP tokens available, valued at $628.5 million, as part of its regular monthly sales process. This move could impact the price of XRP negatively in the coming weeks.

Ripple's XRP Sales:

Since 2017, Ripple has consistently unlocked 1 billion tokens on the first day of each month through completed escrows. This April marks the start of a new phase, with different accounts used for XRP's internal inflation calculations over recent years. Previously, transactions were conducted through the 'Ripple (22)' and 'Ripple (23)' accounts, but now, Ripple will utilize the 'Ripple (10)' and 'Ripple (11)' wallets for unlocking transactions.

March Unlocking Events:

In March, 1 billion XRP tokens were unlocked from the 'Ripple (22)' and 'Ripple (23)' accounts, following the escrow system. Ripple set aside 200 million tokens for expenses in March and re-locked the remainder for July and August 2027. However, an additional 240 million XRP was spent from old reserves using the 'Ripple (1)' wallet account.

XRP Price Analysis:

The price outlook for XRP garners attention amidst these developments. Historical data shows that past unlocking events have led to significant negative movements in XRP's price. While there have been minor positive movements, negative trends have been more pronounced. Currently, XRP is trading at $0.6378, showing a 2% increase and maintaining support above $0.60. It is approaching the $0.65 resistance level, prompting investors to monitor Ripple's sales activities closely in April.

Conclusion:

As Ripple prepares to unlock 1 billion XRP tokens on April 1st, investors should remain vigilant about potential impacts on XRP's price. The shift to new accounts for sales transactions signals a new phase in Ripple's operations, underscoring the need for careful observation and analysis in the coming weeks.