$XRP Escrow unlocks mean a billion coins, while Ripple’s calendar is a major XRP player.
1. On the first day of this month, a billion coins were scheduled to be released from escrow. At the current price, that represents several billion dollars of potential selling pressure. This is a recurring supply event that happens every month.
2. More concerning, upgrades and listings have been delayed: the October XRPL upgrade was postponed due to insufficient validator votes, and Evernorth’s Nasdaq listing has also been pushed back. Positive catalysts that were expected to enter the market are now delayed.
3. There’s activity on-chain: over 30 days, a whale withdrew more than 1.3 billion coins from Binance—the largest amount in seven months—with large holdings moving into cold wallets.
4. The current price is 1.39. It edged up slightly on Friday along with the broader market, but there are no catalysts of its own.
We’re waiting for confirmation of the upgrade vote and the listing date. Until then, it’s just volatility and patience.
1. On the first day of this month, a billion coins were scheduled to be released from escrow. At the current price, that represents several billion dollars of potential selling pressure. This is a recurring supply event that happens every month.
2. More concerning, upgrades and listings have been delayed: the October XRPL upgrade was postponed due to insufficient validator votes, and Evernorth’s Nasdaq listing has also been pushed back. Positive catalysts that were expected to enter the market are now delayed.
3. There’s activity on-chain: over 30 days, a whale withdrew more than 1.3 billion coins from Binance—the largest amount in seven months—with large holdings moving into cold wallets.
4. The current price is 1.39. It edged up slightly on Friday along with the broader market, but there are no catalysts of its own.
We’re waiting for confirmation of the upgrade vote and the listing date. Until then, it’s just volatility and patience.