XRP price experienced a decline as Ripple unlocked 1 billion tokens from its escrow account. This move is part of a long-term strategy to manage the token supply and enhance market transparency.
However, the immediate market reaction reflected a cautious sentiment among investors. Despite Ripple's intentions to create predictability in the market, the abundance of XRP tokens led to a dip in price.
Investor concerns about an oversupply in the market may contribute to this cautious sentiment, impacting short-term price movements.
