Ripple unlocks 1B XRP worth $1.49B as price stalls below $1.54
- —Ripple unlocked 1 billion XRP in four transactions: 400M, 300M, 200M and 100M tokens
- —The 300 million XRP tranche was valued at about $446.6 million at roughly $1.49
- —U.S. spot XRP ETFs drew $121.4 million in September, with cumulative inflows near $1.79 billion
- —CSD BR began mirroring BTG Pactual fund records on the XRP Ledger while keeping official ownership records
Why it matters: The unlock adds fresh XRP supply, though Ripple typically returns part to escrow; the key test remains a break of the $1.54–1.56 resistance.
Source: crypto.news