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XRP may drop as Ripple plans to unlock 1 billion tokens on Nov 1, risking increased selling pressure.

Market News
24 Oct 2026
Finbold
View Source
Bearish
XRP may drop as Ripple plans to unlock 1 billion tokens on Nov 1, risking increased selling pressure.

Ripple is set to unlock 1 billion XRP tokens on November 1, which could increase selling pressure and cause XRP's price to decline. Historically, Ripple re-escrows most unlocked tokens, limiting the net supply entering the market, but some tokens remain outside escrow. XRP currently trades near a key support level of $1.25, with potential price scenarios ranging from a drop to $1.15 if support breaks, to a rise toward $1.50 if resistance is overcome. The unlock event may impact price if investors sell ahead or more tokens stay outside escrow, but it does not guarantee a decline.

Ahead of Ripple's planned unlock of 1 billion XRP tokens on November 1, XRP is currently trading at Rp22,909 on Pluang, down 3.16% in the past day as of October 24, 2026, 23:21 WIB. The market shows a strong selling bias with 77% of orders being sell orders, while the circulating supply stands at 63.1 billion XRP out of 100 billion total tokens. Traders on Pluang typically hold XRP for about 72 days, indicating moderate-term interest despite recent price pressure.

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