XRP News: $1.49B Unlock Leaves Net Supply Unclear
The unlock followed Ripple’s monthly escrow cycle, which can release up to 1 billion XRP and does not confirm a new sale or net supply increase.
- On October 1, Ripple released 1 billion XRP from escrow valued at approximately $1.49 billion across four rapid transactions, though the escrow release does not confirm immediate market sale of the tokens.
- Shareholders of Armada Acquisition Corp. II approved the Evernorth merger on September 30, advancing a 473 million XRP treasury valued at around $719 million, with the business combination expected to close on October 7.
- Analysts identify the $1.54–$1.56 range as immediate resistance, while CoinGlass data places support around $1.46–$1.48; XRP remains below its September peak of $1.65 after struggling to sustain upward momentum.
- Veteran trader Peter Brandt dismissed XRP as a "fool coin," arguing that payment utility does not inherently drive investment value, while Flare co-founder Hugo Philion questioned the market's limited price reaction.
- XRP has dropped about 50% over the past year, underperforming Bitcoin, Ethereum, and Solana, which declined 30%, 38%, and 47% respectively; investors monitor whether the token can reclaim the $1.60 level.
33 Articles
33 Articles
Peter Brandt Calls XRP a "Fool Coin" Just Before 473 Million XRP Lists on Nasdaq. Does Payment Utility Count for Anything in the Price?
In September, veteran trader Peter Brandt called XRP (CRYPTO:XRP) a “fool coin.” He argued that just because a token enables quick and cheap payments doesn’t necessarily mean it’s a solid investment. His critique came just days before Evernorth’s 473 million XRP is set to begin trading on Nasdaq under the ticker XRPN on October 8. As of October […]
XRP price needs $1.56 breakout to retest $1.65
XRP price has traded near $1.50 on Sep. 30 as weaker futures positioning and slower U.S. ETF inflows accompany a pullback from September’s highs, while its 4-hour chart shows buyers struggling to reclaim short-term resistance. TradingView’s Binance XRP/USDT charts put…
CoinStats - XRP Price Prediction: Ripple Range-Bound at $...
XRP price prediction shows Ripple entering October still trading within a broad range. XRP is currently around $1.50, with key resistance between $1.45 and $1.60. If it breaks above $1.60, it could pave the way for a rise to $1.65-$1.70, giving buyers an opportunity to push the token beyond its September high.A few key levels […] The post XRP Price Prediction: Ripple Range-Bound at $1.50, Breakout Soon? appeared first on Cryptonews.
XRP ETF Outflows Hit $3.28 Million in One Day, Bitwise Alone Impacted
On October 2, U.S. XRP ETFs took a hit. Net outflows: $3.28 million. Not a huge figure in itself, but… Read the original on Bitwise XRP ETF Faces $3.28 Million Outflow Amid Market Decline. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
On October 2, the U.S. XRP ETFs recorded $3.28 million in net outflows, exclusively concentrated on Bitwise's fund. However, their assets fell by $37 million during the session, a gap triggered by the drop in the price of Ripple's crypto. The ETF XRP article: Investors switch to red appeared first on Cointribune.
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