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    Cryptocurrency

    XRP Price Locks at $1.40 after Ripple Tightens Supply

    Julius AlagbeBy No Comments2 Mins Read
    XRP Price Locks at $1.40 after Ripple Tightens Supply
    XRP

    XRP Price Locks at $1.40 after Ripple Tightens Supply

    XRP price is locked at $1.40 after Ripple tightened supply following its monthly activities. The token has seen a significant price increase after failing to break the resistance level since last week.

    With a market capitalisation of $86 billion, data from a crypto exchange showed that XRP trading volume is up about 4% to $1.41 billion, amid reduced exchange-traded fund (ETF) outflows and as momentum builds.

    Ripple executed its scheduled monthly supply management early in the month, unlocking 1 billion XRP from escrow. This initial release was valued at $1.37 billion, creating a temporary supply shock as tokens entered circulation.

    The company quickly relocked 700 million XRP back to escrow within 24 hours. This move, valued at about $974 million, concluded its monthly cycle and maintained its predictable, automated supply schedule.

    XRP’s price has remained locked below $ 1.40, caught between improving institutional demand and stubborn market weakness. Institutional capital is returning to XRP ETFs, but the spot price remains stuck below $1.40.

    Weekly data shows XRP-focused exchange-traded funds (ETFs) are seeing net capital inflows again, ending a streak of outflows.  This suggests renewed institutional and retail interest through regulated vehicles.

    However, the spot price has failed to respond, remaining below $1.40. This divergence often occurs during uncertain market conditions, as ETF flows can take weeks to translate into price gains and may be offset by overhead resistance or broader altcoin softness.

    This is a neutral-to-watchful signal for XRP. Sustained inflows could signal accumulation, but the immediate price disconnect suggests bullish sentiment has yet to translate into market action.

    Technical analysis reveals XRP is under significant pressure. Against the US dollar, it trades just below the upper boundary of a descending channel near $1.40.

    XRP’s current state is defined by a clash between strengthening fundamentals—evidenced by ETF flows and strategic moves—and a technically weak market struggling with overhead resistance and capital rotation out of altcoins. Ethereum Slips on Technical Rejection, Bullish Speculation Eases

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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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