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#XRP Ripple Unlocks 1 Billion XRP: Bearish Nightmare Deepens
Ripple is conducting its routine monthly token unlock on Wednesday. The company released exactly 1 billion XRP to the market through three separate transactions. This move comes after Ripple's token hit a 19-month low in the global cryptocurrency market following a steep decline in June.
With this July unlock, Ripple's supply management practices are once again drawing attention.
Escrow unlock refers to the monthly release of XRP established by Ripple in 2017 through a smart contract to ensure predictable liquidity.
The details are clear: first, 200 million XRP was released, followed by 300 million, and then another 500 million. A total of 1 billion tokens—worth about $1.04 billion at current prices—entered the market.
This mechanism dates back to 2017. Ripple escrowed a total of 55 billion XRP to prevent a sudden sell-off.
Ripple usually relocks most of the released tokens back into escrow within hours or days; typically, 600 million to 800 million XRP are re-locked. As a result, the net increase in circulating supply remains around 200 million to 300 million XRP per month.
Why does this XRP unlock coincide with cautious market sentiment?
This unlock occurs as XRP investors digest a tough June. The token fell about 20% that month and hit a 19-month low of $1.01 on June 25. Since then, XRP has recovered slightly and is currently trading around $1.04.
Technical charts show XRP moving within a descending channel. Key resistance is between $1.18 and $1.22; breaking above these levels could boost recovery hopes. However, if the price remains below the $1.00–$1.02 range, it may test stronger support levels.
In June alone, large investors accumulated approximately 210 million XRP. Additionally, net flows on cryptocurrency exchanges turned negative, indicating that investors are moving tokens to private wallets for long-term holding.
Institutional demand supports this accumulation argument. Spot XRP exchange-traded funds (ETFs) in the US saw steady inflows in June—a trend that persisted even as Bitcoin and Ethereum ETFs experienced outflows. This suggests that institutional investors are shifting focus to building XRP-specific positions.
$XRP