XRP Market Stagnant as 300 Million Tokens Worth Nearly Four Times Buy Orders

Ripple released one billion XRP from escrow at the start of September. By the end of the day, only 300 million sat outside new time locks.

This is not a sale or an exchange deposit, but it still matters because the market couldn't absorb it. There are buy orders sitting close to the current price of $1.40 that add up to $108.2 million, so those 300 million coins are worth almost four times what buyers are ready to absorb.

XRP's 1-2 year holding band rose from 17.3% of supply in late August to about 18.2% now. The oldest supply is refusing to move and despite the pullback since August 22, those holders have not sold into it.