One Billion XRP Unlocks on October 1: The Level That Decides

On October 1 the monthly time lock opens again at XRP, and this time the date meets a price that has only just recovered from a setback. Up to one billion XRP can be released from escrow, worth as much as $1.55 billion at the current price. The question for you as an investor is not whether the supply is coming, but how much of it actually reaches the market and which level still holds underneath. On Tuesday afternoon XRP trades at $1.518 and 1.339 euros, up around 1.5 percent within 24 hours. The day's range runs from $1.464 to $1.561. For comparison: Bitcoin stands at $83,163 over the same period, down 0.4 percent. XRP is therefore running against the broader market, and that is exactly what makes Thursday's date interesting. XRP price today: $1.52 two days before the escrow release Over recent days the price has tested the zone around $1.46 twice and bounced upward both times. On the upside, $1.561 currently caps it, the day's high. That range of roughly six percent is narrow for XRP; it shows that both sides are waiting for the same date. The longer line looks considerably friendlier. In the third quarter XRP gained 48.1 percent according to it-boltwise (as of September 27), it...