Ripple Ready to Rocket? $200M Buyback Buzz Causes XRP Frenzy!

Published by

Elena R

December 15, 2023

Is Ripple Planning for a Game-Changing XRP Buyback?

In a recent tweet, Mr. Huber, a respected figure in the cryptocurrency world, has shared some noteworthy insights about Ripple’s XRP. According to him, Ripple is gearing up for a substantial XRP buyback, which could have a significant impact on its price.

Let’s break down the key points.

Understanding Ripple’s Strategy

Ripple, the company behind XRP, has consistently utilized a strategy of selling XRP through On-Demand Liquidity (ODL) customers and then buying it back at strategic points. This method, as Huber points out, aims to balance their “net sales” by offsetting gross sales with these buybacks. The upcoming Q4 report, expected in mid-January 2023, is predicted to reveal a decrease in net sales, despite an increase in gross sales, due to this end-of-quarter buyback.

Huber predicts that Ripple is planning a noteworthy $200 million XRP buyback, possibly happening within the next week. This move aligns with Ripple’s historical behavior tied to their quarterly reports.

Price Surge Incoming!

Huber anticipates a substantial 30-60% increase in XRP prices within 2-4 days after the buyback. Such movements are common in the crypto world, especially for assets like XRP with active communities.

But wait!

Huber cautions that this surge may be short-lived, likely leading to a sell-off phase over the subsequent 4-8 weeks, followed by a consolidation period of similar duration, as the market stabilizes in anticipation of the next buyback cycle around mid-April.

Ripple’s ODL service has seen substantial growth, enhancing XRP’s utility in cross-border payments. This growth could be a contributing factor to the expected buyback and its potential impact on the market. The ODL’s increasing usage highlights XRP’s expanding role in the financial technology sector, possibly boosting investor confidence.

Stay Informed and Stay Safe!

Investors and traders should approach these predictions with caution. While historical patterns provide valuable insights, the cryptocurrency market is known for its unpredictability. Market participants will likely watch Ripple’s actions closely, along with broader market trends, to make informed decisions.

Whether Huber’s predictions will materialize remains to be seen, but one thing is certain: the cryptocurrency market continues to be full of opportunities and risks alike.

Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.