News View Non-AMP

XRP News: The Impact of Ripple’s Escrow on XRP Unlock and Market Prices!

Published by
Vignesh S G

In the last 30 days, XRP has seen a drop of at least 13.1%. At the beginning of October, the price was at $0.61175. On the last day of October, it touched a low of $0.50877, indicating that the market experienced a 20.24% decline in the month. A recent report indicates that Ripple has released one billion XRP from escrow for November. How will this impact the XRP market? Let’s see! 

Ripple’s November XRP Escrow Release

As per the report, Ripple has unlocked one billion XRP for November in three transactions. A single address received at least two of the three transactions. The address received 400 million XRP and 100 million XRP in two separate transactions, respectively. A second address received 500 million XRP from the third escrow execution transaction.   

Transaction and Holding Pattern

Following the release, both of these addresses now hold 1 billion XRP each. Ripple usually locks 800 million XRP later in the day, keeping 200 million XRP for operational needs. This pattern has been steady recently, following a brief period of irregular releases earlier this year. 

Recent XRP Market Performance

At the start of this year, the price of XRP was at $0.62950. On January 31, it touched a low of $0.50273. In early February, fresh buying pressure emerged, pushing the price to the yearly peak of $0.72289 on March 11. The market again dropped to a low of $0.47894 on April 13. Between April 14 and July 15, the market showed sideways movement, fluctuating within the range of $0.55742 and $0.41964.

In mid July, the market broke above the range, pushing the price to a peak of $0.62808 On July 18. In early August, the price of XRP plummeted from $0.60076 to $0.48818. Although the market made strong attempts to recover from the drop on August 7 and 8, for the rest of the month the price remained within the range of $0.61707 and $0.55280.

The market had to wait until September 29 to climb above the opening price of August 1. In early October, the market again saw a steep drop from $0.61068 to $0.52120. For the rest of that month, the market stayed within the range of $0.54819 and $0.50096.

The XRP market, currently priced at $0.51921, has not yet recovered from the decline suffered in early October. In the last seven days, the market has slid by nearly 0.5%. However, in the last 24 hours, the market has surged by 0.6%

In conclusion, Ripple’s consistent escrow pattern could support market stability, but XRP’s price action may remain challenging without a significant upward push. 

Stay tuned to Coinpedia for the latest updates on the XRP market! 

Vignesh S G

Vignesh is a young journalist with a decade of experience. A proud alumnus of IIJNM, Bengaluru, he spent six years as a Sub-Editor for a leading business magazine, published from Kerala. His interest in futuristic technologies took him to a US-based software company specialising in Web3, Blockchain and AI. This stint inspired him to view the future of journalism through the lens of next generation technologies. Now, he covers the crypto scene for Coinpedia, uncovering a vibrant new world where technology and journalism converge.

Recent Posts

Solana Price Prediction 2025, 2026 – 2030: SOL Price Targets $500 Next?

Story Highlights Solana Price Today is . Solana coin price could reach a potential high…

May 2, 2025

UK’s FCA Moves Closer to Crypto Regulation – Seeks Public Views on Next Steps

The UK’s top financial regulator, the Financial Conduct Authority (FCA), has taken another step toward…

May 2, 2025

Ripple XRP Price Prediction 2025, 2026-2030: Will XRP Reach $5?

Story Highlights The XRP Price LIVE: . The price could hit a high of $3.99…

May 2, 2025

EU to Ban Anonymous Crypto by 2027 in Major AML Crackdown

The European Union is rolling out strict new Anti-Money Laundering rules that will ban privacy…

May 2, 2025

Mine Crypto From Your Pocket: Bitcoin Solaris Launches Where Ethereum Failed

For years, Ethereum was seen as the future of decentralized computing. It gave us smart…

May 2, 2025

Will Ethereum’s (ETH) Price Trigger a Breakout in May 2025? Will it Reach $2200?

The Ethereum price is working hard to keep up the rally above the crucial range,…

May 2, 2025