1. What is Ripple’s $1 billion XRP buyback plan?
Ripple Labs is seeking to raise $1 billion through a SPAC for buying back XRP and holding it in a new digital asset treasury (DAT). The objective is to fuel liquidity, shore up reserves, and possibly stabilize the price of XRP during market volatility.
2. Why has the price of XRP not gone up since the buyback announcement?
Despite the buyback news, investor sentiment remains weak due to broader crypto market corrections and technical resistance near $3. Traders appear cautious, waiting for confirmed buying momentum and regulatory clarity before re-entering XRP positions.
3. How much XRP does Ripple already hold?
Ripple now holds more than 4.5 billion XRP directly and has another 37 billion tokens under escrow. The latter is released every month, with some being sold for liquidity while the rest are re-locked in order to retain supply control.
4. What does Ripple’s acquisition of GTreasury signify for its future?
Ripple’s $1 billion acquisition of GTreasury extends its reach in financial technology. The acquisition allows corporate customers to hold, transfer, and settle digital assets, stablecoins, and tokenized deposits, aligning with Ripple’s overall shift toward financial infrastructure leadership.
5. What are XRP’s main support and resistance levels now?
XRP has support at hand around $2.20. Should this fail, it may drop to $2 or $1.80. On the other hand, a bounce above $2.70, its 20-day moving average may relaunch buying sentiment and propel prices towards $3.
