XRP Sits at $1.40: Nobody Wants to Sell, Nobody Wants to Buy

Ripple released 1 billion XRP from escrow at the start of September, and by the end of the day, only 300 million sat outside new time locks.

XRP price still holds near $1.40. The headline sounded bearish. The ledger says less happened than it looked.

Ripple Released a Billion, Then Re-Locked 700 Million

Three old escrows ended, releasing 500 million, 400 million, and 100 million XRP. Hours later, two new escrows took 500 million and 200 million back.

That leaves 300 million XRP, worth about $422 million, outside those locks. It moved between Ripple-labelled wallets, so the monthly release is not a sale or an exchange deposit. But it matters anyway.

It still matters because the market could not take it. Buy orders sitting close to the current price add up to $108.2 million, so those 300 million coins are worth almost four times what buyers are ready to absorb.

The market held only because nobody tested it.

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