Ripple, the company behind the XRP payment protocol, has released 1 billion XRP in its routine monthly escrow unlock, as confirmed by blockchain transaction tracker Whale Alert. This latest transaction, completed on the first day of September, is part of Ripple’s ongoing escrow mechanism initiated in 2017 to manage the supply and distribution of XRP.
Escrow Structure and Remaining Supply
The escrow release unfolded through three distinct blockchain transactions: 500 million, 400 million, and 100 million XRP were unlocked from Ripple-controlled escrow accounts. Ripple’s escrow system originally locked away 55 billion XRP in 2017, with a cap of up to 1 billion XRP becoming available at the start of every month.
Before this latest unlock, 32.28 billion XRP remained locked in Ripple’s on-ledger escrow, based on data from on-chain trackers that calculate the escrow balance directly from active objects on the XRP Ledger (XRPL). Following the September release, approximately 31.28 billion XRP continue to be held in escrow under Ripple’s management. This figure now represents just over 31% of the total maximum supply of 100 billion XRP.
| Metric | Pre-Release | Post-Release |
|---|---|---|
| Escrow XRP (billion) | 32.28 | 31.28 |
| Supply in Escrow (%) | 32.28% | 31.28% |
| Total XRP Supply | 100 billion | |
Ripple clarified that an escrow unlock does not necessarily mean the company will sell the entire released amount on the open market. Historically, Ripple has re-escrowed a considerable share of each monthly allocation, so the actual amount of XRP circulating into the broader market can be significantly less than 1 billion XRP.
XRP Price Action and Market Liquidations
XRP has shown signs of renewed upward momentum lately. The asset is trading near $1.39, registering a 1.7% gain over the past 24 hours. Despite broader market volatility, XRP has increased approximately 30.8% in 30 days and 14.5% in the past 90 days. On a year-to-date basis, however, XRP continues to face downward pressure.
Over the last 24 hours, XRP-related liquidations have reached more than $2.3 million. Short positions accounted for $1.5 million in liquidations, while long positions saw about $793,000 closed out. This liquidation data highlights active trading and volatility in the XRP derivatives market.
XRP is trading at nearly $1.39 after gaining 1.7% in 24 hours, but liquidations exceeded $2.3 million with short positions experiencing the largest share.
Ripple, founded in 2012, is a financial technology company focused on enabling instant cross-border money transfers using digital asset protocols and distributed ledger technology.
Mini dictionary: XRPL (XRP Ledger), a decentralized blockchain designed specifically for efficient, low-cost, real-time settlement of digital currency exchanges and remittances.
