Ripple unlocked 1 billion XRP from escrow on July 1 and immediately re-locked 700 million tokens, releasing a net 300 million XRP into circulation. The July release follows a difficult June that saw XRP hit a 19-month low near $1.01.
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Ripple locks 70% of July XRP unlock, net releasing 300 million tokens
Ripple released a net 300 million XRP on July 1 after locking 70% of its 1 billion token monthly escrow unlock back into smart contracts.
On-chain monitoring platform Whale Alert flagged the three transactions — 200 million, 300 million and 500 million XRP — that comprised the unlock. The mechanism dates to 2017, when Ripple placed 55 billion XRP into escrow to prevent sudden market dumps while providing transparent liquidity for operations and partnerships.
Ripple typically re-locks 600 million to 800 million XRP within hours or days of each monthly release, leaving a net addition of 200 million to 300 million tokens to circulating supply. The July tranche, valued at roughly $312 million at current prices, sits at the high end of that range. About 35.8% of the total token supply, or 35.8 billion XRP, remains under Ripple's control in frozen escrow smart contracts, according to XRP Scan.
The net release adds to circulating supply as XRP recovers from a 19-month low of $1.01 hit on June 25. The token traded near $1.04 as of press time, with key resistance at $1.18 to $1.22 and support at $1.00 to $1.02, according to BeInCrypto data. Despite the price weakness, on-chain data from Santiment showed whale accumulation of roughly 210 million XRP during June, while exchange netflows turned negative as investors moved tokens to private wallets. Spot XRP exchange-traded funds in the US also attracted steady inflows through June, even as Bitcoin and Ethereum ETFs faced outflows, as investors rotated toward XRP-specific exposure among institutional players.
The July unlock marks the latest data point in Ripple's supply management framework. With XRP daily trading volume stabilizing around $1.61 billion on licensed platforms, the controlled release of 300 million tokens represents less than 1% of the company's locked reserves. The token held key support at $1.0390, where the volume point of control sits, and moved toward the $1.06 level in early July trading, according to technical chart data.
This article is for informational purposes only and does not constitute investment advice.
[1] Ripple Locks Away 70% of July Unlock: Why Exactly 300 Million XRP Were Released[2] Ripple Unlocks 1 Billion XRP as the Bearish Nightmare Deepens: What’s Next?[3] Ripple Unlocks 1 Billion XRP as the Bearish Nightmare Deepens: What’s Next? - Yahoo Finance[4] Ripple Unlocks 300 Million XRP From Escrow In Routine Monthly Release - Bitcoin World
