XRP faces $1B escrow unlock as derivatives hold 70%+ long bias and exchange reserves fall in 2025

Heading into 2026, XRP is absorbing a routine $1 billion escrow unlock while derivatives traders maintain a more than 70% long skew around the $1.80–$1.85 range. In 2025, XRP fell 36% in Q4 to close the year down 12%, even as exchange reserves declined from 3 billion to 2.6 billion tokens, pointing to a potential supply squeeze beneath the recent sideways price action.