Over 1B XRP unlocked, raising supply risks amid price consolidation and rising speculative activity.

Ripple unlocked over 1 billion XRP tokens worth more than $1.3 billion within hours, increasing concerns about supply pressure and potential market imbalance. Despite this large supply entering circulation, XRP's price remained range-bound between $1.30 and $1.50, showing no clear directional control. On-chain data indicated a rising NVT ratio, suggesting the market valuation outpaced actual network usage, while derivatives data showed growing Open Interest, signaling increased speculative positions. This combination points to a fragile market setup where unresolved supply and speculative buildup could trigger significant price moves.