XRP ( XRP -22.61%) is the native cryptocurrency on the XRP Ledger, a blockchain built by technology company Ripple to enable faster and cheaper cross-border transactions. XRP soared about 500% in the past year, but its price has also declined 15% during the last two weeks, such that the cryptocurrency currently trades at $2.88 as of Feb. 1.

Ripple’s release of 400 million XRP tokens triggers a 24.6% drop in XRP’s price. Learn how Ripple’s token unlock strategy impacts the market and what it means for XRP’s future.

The XRP price collapsed hard on Monday as the crypto and stocks meltdown gained steam. Ripple dropped from a high of $3.3970 in January to a low of $1.7753. So, what next for the price of Ripple? XRP price prediction The weekly chart shows that the XRP token peaked at $3.

Donald Trump ran a pro-crypto campaign last year. He threw his support behind radical ideas like establishing a strategic Bitcoin (CRYPTO: BTC) reserve within the U.S. government, and he promised to make America the crypto capital of the world.

Ripple locks 700 million XRP tokens into escrow to prevent further price drops. Amid a bearish market, the move signals potential for future price relief.