The Ripple escrow system has unlocked 1 billion XRP for November, following a monthly schedule that aligns with XRP’s challenging market performance in October. Whale Alert reported the transactions, highlighting Ripple’s adherence to its structured token release strategy.
Key Escrow Unlock Transactions
- 400 million XRP ($203.7M) and **100 million XRP** ($50.94M) were sent to the dormant Ripple address
rw2…3wY. - 500 million XRP ($254.7M) was transferred to address
rDq…EsF, totaling 1 billion XRP released.
Both addresses currently hold their allocations, with expectations that Ripple will relock 800 million XRP and retain 200 million for liquidity needs—a pattern consistent since mid-2024 after temporary deviations earlier this year.
👉 Explore Ripple’s escrow mechanics in detail
XRP’s October Performance: A 16% Decline
XRP closed October with a 16.74% loss, its steepest monthly drop since April. Despite a minor 0.98% rebound to **$0.5138**, the asset remains below its 50-day SMA ($0.5543), a key resistance level for bullish momentum.
FAQs
Q: Why does Ripple unlock XRP monthly?
A: To manage liquidity and supply predictability, Ripple releases 1 billion XRP from escrow each month, relocking most unused tokens.
Q: How does the escrow affect XRP’s price?
A: Scheduled unlocks often cause short-term volatility, but long-term price depends on broader market trends and adoption.
Q: Can XRP recover from its October losses?
A: Historical data shows XRP rebounds post-steep declines, especially amid positive ecosystem developments like Ripple’s partnerships.
Market Outlook
Analysts suggest XRP’s recovery hinges on surpassing the $0.55 resistance. Meanwhile, Ripple’s escrow stability signals confidence in its supply management—a factor that may reassure investors during downturns.
👉 Stay updated on XRP’s market movements
Disclaimer: This content is for informational purposes only and not financial advice. Conduct independent research before investing.
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