As part of the monthly release of 1 billion XRP tokens, Ripple unlocked another 1 billion XRP on 3rd March 3 before re-locking the 700 million XRP tokens into an escrow wallet.
This came after U.S. President Donald Trump announced on Truth Social that select cryptocurrencies, including XRP, were added to the new U.S. Crypto Strategic Reserves. Following this news, XRP, the third-largest cryptocurrency by market cap, surged 30% in a day, reaching a market cap of $150 billion.
Could this endorsement bring in more institutional investors and fuel an even bigger rally? Let’s dive into the details.
On March 3, blockchain tracker Whale Alert reported the release of 1 billion XRP from Ripple’s escrow accounts, worth around $2.6 billion in multiple transactions. The first 500 million XRP was sent in two batches 100 million first, followed by 400 million to the wallet ‘rGKHD…2Bdh.’
However, a few minutes later, another 500 million XRP was sent in a single transaction to the wallet ‘rHGfm…sbQr.’
Ripple unlocks XRP every month, but this time, the release gained more attention due to Trump’s announcement. Many believe that adding XRP to the U.S. Crypto Reserve could bring in more big investors and boost its price.
Despite unlocking 1 billion XRP, Ripple did not release all of it into the market. Instead, 700 million XRP was locked back into escrow. Here’s how the distribution played out:
If Ripple follows its usual monthly pattern, another 100 million XRP might be locked, leaving only 200 million XRP in circulation.
Following these events, XRP’s price surged 17%, reaching $2.60 at the time of writing. In the past 24 hours, it has gained 30%, pushing its market cap to $150 billion.
However, technical indicators suggest that XRP is now facing resistance at the $3 level, which could slow down its rally. If buyers break past this level, the next target could be $3.40, its January high.
XRP’s bullish surge signals growing confidence—whether it can sustain this momentum is the real question.
The crypto market continues to gain traction, adding 0.76% to reach a $3.89 trillion market…
Bitcoin is holding steady above $118,000 despite the recent ups and downs in the market.…
Could XRP really reach $1,000? While this may sound far-fetched to many, Jake Claver, director…
The crypto market is starting to go more mainstream, especially after the new GENIUS Act…
The US crypto regulation has changed dramatically in 2025, with the Trump administration adopting a…
Story Highlights The live price of the Algorand is Price predictions suggest ALGO could reach…