In accordance with FinBold, Ripple Labs is set to release 1 billion XRP from escrow on December 1, continuing its scheduled monthly unlocks to manage liquidity and support ecosystem activity. The tokens will be unlocked in three tranches across Ripple-controlled escrow accounts, following a system introduced in 2017. Only a portion of the unlocked XRP typically enters the circulating supply, as Ripple often returns a significant share to escrow after meeting operational needs. Market participants are monitoring on-chain activity for signs of increased exchange transfers or relocking. XRP has recently struggled with volatility, trading below $2 amid broader crypto market sentiment and failing to capitalize on developments like the first U.S. spot XRP ETF. As of press time, XRP was trading at $2.11, below its 50-day and 200-day SMAs, with a 14-day RSI of 39.08 indicating neutral momentum.
Ripple to Unlock 1 Billion XRP on December 1 Amid Market Volatility
FinboldShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.