XRP Unlocks 1 Billion Tokens Amid Bullish Daily Trend
XRP started October at $1.49, after Ripple unlocked 1 billion tokens from escrow on October 1.
The release was a scheduled gross unlock mechanism, and Ripple has stated that unused XRP can be returned to escrow.
The daily trend for XRP remains bullish, with the asset above all eight tracked moving averages at the October 1 observation.
However, momentum signals are not fully aligned, as the daily RSI was neutral and hourly MACD showed a bearish alignment.