XRP Price Drops 4.01% after Unlocking 1 Billion Tokens and Latest News on XRP ETF

In addition to support from major Turkish banks, on October 1, Ripple also received principal financial services license approval in Dubai. That way, Ripple can more easily offer crypto payment services in the UAE area.

On the same date, as a routine ritual that XRP usually carries out, a large number of tokens were unlocked. XRP unlocked 1,000,000,000 tokens with a value of more than $560 million.

In terms of the XRP ETF, which has attracted attention since the first news appeared, now there have also been developments. Bitwise has officially stated in the filing of an XRP ETF application in the state of Delaware. This application was leaked to the media when the Delaware State Division of Corporations website listed this application on September 30.

Current XRP Price Chart

With the various good news about XRP above, the price of XRP has decreased. Currently, XRP is trading at $0.6019 with a trade of 4.01%. However, in the last 24 hours, XRP touched its highest price, namely $0.6342.

Further analysis according to the image in the XRP price chart taken from the Bitrue market above, currently the RSI value of