$XRP long targets are wider
1 BILLION XRP ESCROW RELEASE
XRP has a major scheduled supply event on October 1.
Ripple is expected to release up to 1 billion XRP from escrow, worth roughly $1.5B at recent prices.
But here's the important part:
An escrow release does NOT automatically mean 1 billion XRP will be dumped on the market.
Historically, a significant portion of Ripple's monthly releases can be returned to escrow, meaning the gross unlock is not necessarily the same as the actual increase in circulating supply.
At the same time, XRP is seeing continued institutional/ETF demand.
So the interesting story is:
New potential supply vs new demand.
That's exactly what makes XRP worth watching
around October 1.
1 BILLION XRP ESCROW RELEASE
XRP has a major scheduled supply event on October 1.
Ripple is expected to release up to 1 billion XRP from escrow, worth roughly $1.5B at recent prices.
But here's the important part:
An escrow release does NOT automatically mean 1 billion XRP will be dumped on the market.
Historically, a significant portion of Ripple's monthly releases can be returned to escrow, meaning the gross unlock is not necessarily the same as the actual increase in circulating supply.
At the same time, XRP is seeing continued institutional/ETF demand.
So the interesting story is:
New potential supply vs new demand.
That's exactly what makes XRP worth watching
around October 1.
