Ripple, the company behind XRP, has moved its entire December reserves of 200 million XRP, worth $500 million. This move could impact the recovery and price appreciation of XRP, as it absorbs a significant part of the incoming demand. XRP had experienced a correction after a rally that saw it reach the 3rd position by market cap, but it has now dropped to the 4th position. Ripple's massive sell operation comes as XRP struggles behind Tether's USDT. The tokens were sent to an intermediary address for sales, and if sold at the current price, Ripple would get nearly half-a-billion dollars. Despite the recent crash, XRP still has the potential to regain the 3rd position in crypto indexes, but overall capital inflow into the cryptocurrency ecosystem could boost Tether's stablecoin capitalization, making it a strong competitor.



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