Ripple Unlocks 1 Billion $XRP as Trump Adds It to the US Strategic Digital Currency Reserve, XRP Surges 30%

On March 3, Ripple created a frenzy in the cryptocurrency market by unlocking 1 billion XRP from its escrow accounts. This event occurred shortly after President Donald Trump's announcement on Truth Social about adding XRP and some other cryptocurrencies to the strategic reserve portfolio of the United States, attracting the attention of investors and contributing to a sharp increase in XRP price. XRP Unlocking Process According to the report from the blockchain transaction monitoring agency Whale Alert, a total of 1 billion XRP was released with an estimated transaction value of about 2.6 billion USD. Specifically: The first batch of transactions: 500 million XRP transferred in two batches; 100 million XRP transferred first, followed by 400 million XRP sent to the wallet 'rGKHD...2Bdh.' The second batch of transactions: 500 million XRP transferred in a single transaction to the wallet 'rHGfm...sbQr.' Although a total of 1 billion XRP has been unlocked, Ripple only releases a portion into the market; 700 million XRP of which has been locked into an escrow account, maintaining the policy of monthly lockup and release to control the circulating supply. The Impact of Notifications From President Trump This unlocking event has attracted a lot of attention as it coincides with President Trump's announcement that XRP will be added to the United States' strategic cryptocurrency reserve list. Many experts and investors believe that this event will further affirm the value of XRP, attract large investors, and provide price momentum. Shortly after the announcement, the price of XRP surged to $2.60, with an initial increase of about 17% and then a total increase of 30% within 24 hours, bringing the market capitalization of this coin to $150 billion. Strategy Lock and Future Prospects Ripple maintains an open lock policy every month to control the volatility of the circulating XRP amount. Specifically: First wallet: Received 500 million XRP but has not made any transactions, of which 300 million XRP was transferred to another wallet on March 1 and 200 million XRP is locked up. Second wallet: Received 500 million XRP and then all of this amount was transferred to another wallet within the Ripple system for locking up. If continue to follow the current monthly lockup pattern, there is a possibility that Ripple will lock up an additional 100 million XRP, leaving only about 200 million XRP circulating in the market. This policy not only helps maintain stability but also creates a beneficial supply and demand pressure for the currency's price. Technical Analysis Technical analysts believe that after the current strong uptrend, XRP is facing psychological resistance at the $3 price level. If buying pressure continues to be strong and the currency surpasses this resistance level, the next price peak could target the $3.40 level – the highest level reached in January. However, if it fails to break the resistance level, the current price increase may slow down or experience slight adjustments. Conclusion The unlocking event of 1 billion XRP by Ripple, combined with President Trump's announcement, has marked a significant turning point for the third-largest cryptocurrency by market capitalization. Ripple's monthly unlocking policy not only helps control the supply but also boosts investor confidence. In the volatile cryptocurrency market, strategic moves like this promise a positive outlook for the future of XRP.