Ripple to Release $2.87 Billion XRP: Potential for $3.70 Surge

Ripple is set to unlock 1 billion XRP, worth approximately $2.87 billion, as part of its escrow program. While the release initially appears significant, most tokens are likely re-escrowed, resulting in a relatively small increase to circulating supply. However, analysts believe this could trigger a price surge toward the target of $3.70. XRP is currently holding strong near the $2.70 support level, presenting an opportunity for further gains if resistance breaks.