Coinspeaker
2 hours ago
Neutral

Ripple unlocks 1B XRP as price tests $1.60–$1.70 resistance

3 min

XRP heads into Ripple’s October 1 escrow event while trading in a defined range near $1.53 on September 30. The focus: how much of the gross 1 billion XRP unlock reaches circulation and whether price can reclaim resistance at $1.60–$1.70. Ripple typically re-locks a large share of monthly unlocks. Bitcoin’s direction and Ripple’s post-unlock disclosures add context to short-term price path.

XRP price scenarios for October

XRPUSDT Chart 1D

XRPUSDT Chart 1D

Technical context: price remains capped below a ceiling tested in August and September. Rejections occurred near $1.66–$1.70. Next resistance above sits near $1.76. Support stands at $1.49–$1.50. The 50-day and 200-day moving averages have converged near $1.37, with a deeper support near $1.26.

  • Bull case: daily close above $1.60–$1.70 improves structure. Cited targets include $1.80 first, then $2.10 if momentum persists.
  • Base case: consolidation between $1.49 and $1.70 while market evaluates how much of the unlocked XRP is redistributed or re-escrowed.
  • Bear case: loss of $1.49 exposes the converged moving averages near $1.37, then $1.26.

Price reaction depends on follow-through: the fraction of unlocked tokens that enter circulation, Bitcoin’s trend, and subsequent disclosures.

LiquidChain: cross-chain liquidity focus

LiquidChain is a Layer 3 infrastructure project targeting a unified liquidity layer across Bitcoin, Ethereum, and Solana within one execution environment. The token price stands at $0.01496, and funds raised total $979,000. The Unified Liquidity Layer and Deploy-Once Architecture aim to let developers deploy once and access the three ecosystems without fragmenting liquidity. The project remains unproven at scale, and presale participation involves capital risk.

XRP’s near-term setup: defined upside if $1.49–$1.50 support holds and a break above $1.60–$1.70 confirms. The October 1 unlock adds a supply variable; the market will weigh actual distribution versus re-escrow against the existing resistance structure.