TechFlow, May 5 — According to Tokocrypto News, Ripple re-locked 700 million XRP into escrow accounts on May 1, marking the third consecutive month that the company has not fully released the typical monthly allocation of 1 billion XRP. Currently, Ripple holds approximately 38 billion XRP in escrow and directly possesses 4.5 billion XRP.
XRP is currently trading at $2.14, slightly below the key resistance level of $2.25. Technical analysis indicates that the support zone between $2.01 and $1.90 aligns with the 0.618 Fibonacci retracement level of the previous upward movement. Additionally, Ripple has paused minting its stablecoin RLUSD since April 25, keeping the total supply steady at 317 million. Analysis suggests that if a spot XRP ETF is approved, the price could rise by 49% to $3.40; if not approved, it may drop by 29% to the $1.61 support level.
