Ripple XRP Price: Can It Climb Back Above $1.50 After a Rough October?
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TLDR Ripple released 1 billion XRP from escrow on November 1 in two transfers of 500 million each, following its monthly schedule. XRP traded near $1.25, up 0.08% in 24 hours, with a daily range of $1.25 to $1.26. XRP fell 16% in October and sits about 66% below its all-time high of $3.65. Ripple re-locked 700 million XRP in both September and October, and no November re-lock had been confirmed as of the initial reports. Analysts say a close above the 50-day moving average at $1.39 is needed for a bullish November. Ripple released 1 billion XRP from escrow on November 1. The tokens moved in two transactions of 500 million XRP each, worth roughly $624 million apiece.
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