According to Ripple’s escrow program, on October 1st, the company released 1 billion XRP from escrow through four successive transactions with a total value of $1.49 billion. This release included four separate transactions of 400 million, 300 million, 200 million, and 100 million XRP. After this release, XRP tested the $1.50 resistance level. The net impact of the released tokens on supply remains to be confirmed, pending on-chain movements indicating how much will be returned to escrow or put into circulation.
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