Ripple Leaves October’s 1 Billion XRP Unlock Untouched for 26 Days: Will Swell Week Change That?
Bullish strength: 35/100
- Ripple's 1 billion XRP unlocked on October 1 has remained in its wallets, with no outgoing payments from the two identified wallets.
- Wallets holding at least 10 million XRP control 46.87 billion tokens, the highest share of supply since November 2022.
- Ripple received final OCC approval for its national trust bank, expanding its institutional digital asset custody capabilities.
Bearish strength: 65/100
- XRP has lost 15.8% over the past month, according to the article.
- CryptoQuant counted 6.05 billion XRP sent to exchanges in the 30 days through October 19, the highest level since March.
- U.S. spot XRP ETFs recorded $3.61 million in outflows on Monday.
- XRP trades below its 50-day EMA at $1.3601 and its 200-day EMA at $1.3709.
- Another 1 billion XRP escrow unlock is scheduled to mature on November 1, potentially bringing the total unlocked amount in the two wallets to about 2 billion XRP.
This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.