On November 1, Ripple will “unlock” a billion $XRP , but should we be worried?
Over the past 12 months, 12 billion $XRP have been released from escrow, and Ripple immediately returned 8.4 billion of them. September and October were the same: 700 million were returned within a few hours each time. So on unlock day, the tracker shows a billion leaving, but the real picture only becomes clear in the evening 👀
On the daily chart, $XRP is near 1.30, with a wall at 1.335 (EMA 99 and the Bollinger middle band). A daily close above that opens the way to 1.35, while a drop below 1.273 would send it back to the low at 1.255.
Let’s see how much Ripple returns this time. Less than 700 million would be a signal.
What do you think—will they return the same amount?
#XRP #ripple #CryptoNews
Over the past 12 months, 12 billion $XRP have been released from escrow, and Ripple immediately returned 8.4 billion of them. September and October were the same: 700 million were returned within a few hours each time. So on unlock day, the tracker shows a billion leaving, but the real picture only becomes clear in the evening 👀
On the daily chart, $XRP is near 1.30, with a wall at 1.335 (EMA 99 and the Bollinger middle band). A daily close above that opens the way to 1.35, while a drop below 1.273 would send it back to the low at 1.255.
Let’s see how much Ripple returns this time. Less than 700 million would be a signal.
What do you think—will they return the same amount?
#XRP #ripple #CryptoNews
