News View Non-AMP

XRP Price on the Rise as Ripple Releases 1 Billion Tokens

Published by
Elena R

XRP, the digital asset associated with Ripple Labs, has seen a significant price increase of 1.83%. This surge comes amidst Ripple’s release of 1 billion XRP coins into circulation as part of their monthly planned coin distribution strategy.  This move increases the total number of XRP tokens available by about 1.87% from the previous total of 53.312 billion tokens.

Gradual Unlock of XRP Tokens

Ripple Labs has been gradually releasing its XRP toke­ns as part of a monthly distribution plan. As per information from @Whale_Alerts, around 1 billion XRP has been released from escrow through three transactions involving two different wallets.

In the first transaction, 400 million XRP tokens worth more than $205.9 million were unlocked. 

The second transaction released 100 million XRP tokens valued at $51.4 million. 

In the final transaction, Ripple unlocked 500 million XRP tokens worth $257.3 million. Considering XRP’s current market price of $0.5177, these unlocked tokens are valued at over $514.6 million. Importantly, these tokens are still owned by Ripple Labs.

What’s the Strategy at Play Here?

This action aligns with Ripple’s long-term plan, which involves gradually releasing XRP tokens over an extended period. This practice has been in place since 2017, with Ripple consistently releasing 1 billion XRP tokens each month. Ripple contends that this approach enhances the accessibility and utilization of XRP but also leads to a consistent influx of coins into the market.

Ripple is dedicated to maintaining the stability of the XRP price. To achieve this, they have consistently returned 800 million XRP (equivalent to 80% of the release) to their coin storage in recent months.

For example, in September, Ripple swiftly returned 800 million XRP (equivalent to 80% of the unlocked tokens) to escrow. The exact amount slated for return to escrow this month is yet to be determined.

Then again in October, Ripple locked back the 800 million XRP coins that were recently released from escrow.

Was the XRP Price Impacted?

Ripple’s recent unlocking of the tokens has not negatively impacted the XRP price. Over a seven-day period, XRP has experienced a 1.83% increase in value.

Nonetheless, the short-term outlook for XRP’s price remains uncertain, with various predictions circulating regarding the token’s potential value, some suggesting it could reach as high as $21 in the coming years.

Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

Recent Posts

Coinbase Launches Nano XRP and SOL Futures for U.S. Traders

Coinbase Derivatives is expanding its lineup with new nano-sized futures contracts for Solana and XRP.…

July 30, 2025

XDC Co-Founder Confirms ETF Plans: ‘Just the Beginning’ for Blockchain Finance

The open-source blockchain platform XDC Network is planning to launch its own ETF. XDC supports…

July 30, 2025

How FOMC Meeting Today Will Impact Bitcoin and Ethereum Price

Today isn’t just another Federal Reserve meeting, it might set the tone for how crypto…

July 30, 2025

Crypto Tax in Indonesia Raised to 1% From August 1st

Indonesia is tightening crypto taxes. Starting August 1, new rules will raise taxes on crypto…

July 30, 2025

Pepeto vs Pepe vs Little PEPE as Presale Pushes Pepeto Toward The Next x100 Meme Coin In This Bull Run

PEPE, PEPETO, Little Pepe: the frog battle The hottest meme coin of 2025 has just…

July 30, 2025

Ethereum Price Targets $4k – Is a $1.4B Liquidation Coming?

Ethereum today has walked into the spotlight as price momentum builds amid institutional developments and…

July 30, 2025