Ripple Announces $2.4B XRP Buyback Plan, Sparking Market Interest

Ripple Labs has announced a bold move to repurchase 1 billion XRP tokens worth $2.4 billion, signaling a shift in their strategy and fueling excitement among traders. This buyback plan aims to reduce the circulating supply of XRP by 22% and is part of the company’s initiative to enhance its utility. While Ripple seeks to expand its treasury management solutions with this purchase, the impact on XRP price remains to be seen, creating a surge in whale accumulation.