XRP Sits Near $1.40 After Ripple Re-Locks 700 Million Tokens

Ripple released 1 billion XRP from escrow at the start of September, then re-locked 700 million, leaving 300 million XRP outside new time locks and trading near $1.40. According to BeInCrypto, the tokens moved between Ripple-labelled wallets, suggesting the monthly release was not a sale or exchange deposit. The report said buy orders near the current price total $108.2 million, while XRP’s 1-2 year holding band rose to about 18.2% of supply and daily volume fell to about 27.6 million XRP.