Overview
- Ripple executed its monthly release on Oct. 1, unlocking 1 billion XRP and returning 700 million to new escrow contracts while leaving about 300 million tokens outside escrow.
- The return reduced the immediate supply shock from the scheduled release but still increases circulating availability by 300 million XRP that traders can move or sell.
- XRP has been trading near $1.49 and repeatedly tested the $1.54–$1.59 supply zone without a confirmed breakout, which keeps the market range-bound for now.
- Technical analysts say a sustained daily close above $1.59 would offer clearer evidence that buyers have absorbed overhead supply and could open room for higher targets such as $1.75.
- Market watchers will track who absorbs the 300 million XRP — institutional ETF inflows, large on-chain transfers, or exchange flows — and note that protocol votes and macro events could still drive short-term volatility.