Ripple to unlock 1 billion XRP on Nov. 1 as token tests $1.25 support
- —Ripple unlocks 1 billion XRP on Nov. 1; XRP trades near $1.26
- —October release: 700 million XRP re-escrowed, 300 million left outside
- —Over 12 months, 12 billion XRP released and 8.4 billion re-escrowed
- —Base case $1.25–1.35; a break below $1.25 opens the door to $1.15
Why it matters: The monthly unlock adds potential sell pressure on XRP at the $1.25 support, though re-escrowing most of the release limits net supply.
Source: Finbold