Ripple unlocks 1 billion XRP as price holds near $1.25
Ripple released 1 billion XRP from escrow on Nov. 1, moving the tokens into company-controlled wallets in two 500 million XRP transactions that blockchain trackers flagged just after midnight UTC. Trackers KKapon and XRP Live reported both transfers — completed at about 00:00:02 UTC — moved funds out of existing escrow contracts and into wallets commonly labeled Ripple 10 and Ripple 11. At the prices cited by the trackers, the combined value of the unlocked tokens was roughly $1.25 billion.
This release follows Ripple’s long-standing monthly escrow routine rather than signaling a policy change. The XRP Ledger records such moves with EscrowFinish transactions, which free previously time-locked XRP once programmed conditions are met. Ripple initially placed 55 billion XRP into escrow in December 2017 to stagger supply, and unused unlocked tokens are routinely returned to new escrow contracts, extending the schedule.
Monthly releases can appear as multiple transactions because Ripple’s holdings are spread across many escrow contracts. For example, September’s release involved three separate transfers (500M, 400M, and 100M XRP). October saw a similar pattern: Ripple unlocked 1 billion XRP but subsequently re-locked about 700 million, producing a net reduction of roughly 300 million XRP in escrowed supply. As of 10:50 UTC on Nov. 1, ledger data showed no new EscrowCreate transactions for this month’s release and Ripple-controlled escrow holdings near 30.4 billion XRP. If Ripple follows the October pattern and re-locks 700 million XRP, the net reduction would again be about 300 million — but that remains conditional until new ledger entries appear.
Importantly, an escrow unlock does not automatically mean selling or distribution. Tokens freed from escrow may remain in Ripple-controlled wallets rather than being placed on exchanges or handed to investors. Observers have not yet identified any immediate exchange selling tied to the Nov. 1 unlock; the true change in circulating supply will depend on subsequent Ripple wallet transfers and any new escrow contracts recorded on the ledger.
Market reaction was muted. XRP traded near $1.25 on Nov. 1, up about 0.08% over 24 hours, with a daily range roughly between $1.25 and $1.26 and reported volume around $717 million. The token was down 2.89% over seven days and about 18.5% over the past month, after retreating from roughly $1.49 in early October.
Technical observers offered cautious notes. Crypto analyst Xaif Crypto pointed to a positive shift in cumulative volume delta — a sign buyers may be returning after earlier sell-side pressure — but called it a “short-term bullish shift, but not confirmed,” adding that sustained buying would be needed to lock in a reversal.
For now, the headline is straightforward: Ripple completed its scheduled monthly escrow releases totaling 1 billion XRP, but whether that translates into higher circulating supply or selling pressure will depend on Ripple’s next on-ledger moves.
Ripple released 1 billion XRP from escrow on Nov. 1, moving the tokens into company-controlled wallets in two 500 million XRP transactions that blockchain trackers flagged just after midnight UTC. Trackers KKapon and XRP Live reported both transfers — completed at about 00:00:02 UTC — moved funds out of existing escrow contracts and into wallets commonly labeled Ripple 10 and Ripple 11. At the prices cited by the trackers, the combined value of the unlocked tokens was roughly $1.25 billion.
This release follows Ripple’s long-standing monthly escrow routine rather than signaling a policy change. The XRP Ledger records such moves with EscrowFinish transactions, which free previously time-locked XRP once programmed conditions are met. Ripple initially placed 55 billion XRP into escrow in December 2017 to stagger supply, and unused unlocked tokens are routinely returned to new escrow contracts, extending the schedule.
Monthly releases can appear as multiple transactions because Ripple’s holdings are spread across many escrow contracts. For example, September’s release involved three separate transfers (500M, 400M, and 100M XRP). October saw a similar pattern: Ripple unlocked 1 billion XRP but subsequently re-locked about 700 million, producing a net reduction of roughly 300 million XRP in escrowed supply. As of 10:50 UTC on Nov. 1, ledger data showed no new EscrowCreate transactions for this month’s release and Ripple-controlled escrow holdings near 30.4 billion XRP. If Ripple follows the October pattern and re-locks 700 million XRP, the net reduction would again be about 300 million — but that remains conditional until new ledger entries appear.
Importantly, an escrow unlock does not automatically mean selling or distribution. Tokens freed from escrow may remain in Ripple-controlled wallets rather than being placed on exchanges or handed to investors. Observers have not yet identified any immediate exchange selling tied to the Nov. 1 unlock; the true change in circulating supply will depend on subsequent Ripple wallet transfers and any new escrow contracts recorded on the ledger.
Market reaction was muted. XRP traded near $1.25 on Nov. 1, up about 0.08% over 24 hours, with a daily range roughly between $1.25 and $1.26 and reported volume around $717 million. The token was down 2.89% over seven days and about 18.5% over the past month, after retreating from roughly $1.49 in early October.
Technical observers offered cautious notes. Crypto analyst Xaif Crypto pointed to a positive shift in cumulative volume delta — a sign buyers may be returning after earlier sell-side pressure — but called it a “short-term bullish shift, but not confirmed,” adding that sustained buying would be needed to lock in a reversal.
For now, the headline is straightforward: Ripple completed its scheduled monthly escrow releases totaling 1 billion XRP, but whether that translates into higher circulating supply or selling pressure will depend on Ripple’s next on-ledger moves.