XRP Fends Off Bears Amid Ripple's Billion-Token Unlock
Ripple unlocked one billion XRP tokens worth over $1.06 billion through three separate releases, sparking concerns about fresh supply entering the market.
However, history suggests that Ripple may redistribute portions of these tokens through escrow management, potentially mitigating immediate selling pressure.
Exchange inflows added to the concern, with net flows reaching $2.41 million, a relatively modest figure compared to historical spikes.
Despite this, improving on-chain activity and a declining NVT ratio suggest that network usage is accelerating faster than valuation, potentially offsetting some of the selling pressure narrative.
XRP has repeatedly defended its key support at $1.05, but weakening technical indicators, including MACD and histogram readings, indicate fading buying interest.