Ripple has completed its scheduled escrow release for June, unlocking a total of 1 billion XRP through three separate transactions, according to on-chain monitoring platform Whale Alert. At current market prices, the combined value of these transfers has surpassed $1.33 billion.
Key details behind the June escrow unlock
The largest transaction involved the unlocking of 500 million XRP, valued at approximately $666.07 million. An additional 400 million XRP were released in a second transaction, worth $532.86 million, while a third transfer of 100 million XRP was valued at roughly $133.21 million.
Ripple’s monthly escrow unlocks are part of a longstanding supply management system aligned with the initial XRP distribution model. While the XRP Ledger’s maximum supply stands at 100 billion tokens, market data as of early June 2026 indicated that the circulating supply reached around 61.85 billion XRP.
Mini glossary: An escrow account is an on-chain mechanism where assets are locked under predefined rules and released at a later date. Although XRP Ledger is closely associated with Ripple, it is an independent, open-source blockchain. The escrow structure introduces predictability for the schedule of new supply entering the market.
Following the June escrow unlock, the locked escrow balance is estimated to have dropped to roughly 38.15 billion XRP. However, it remains unclear when the program will fully end, as Ripple regularly relocks a significant portion of the released XRP back into escrow each month.
Ripple CTO David Schwartz previously emphasized that the company voluntarily relocks XRP it does not expect to need, use, or sell; this routine effectively adds an extra month to the timetable for each unused tranche returned to escrow.
Market impact and network growth
This means that the monthly 1 billion XRP unlock does not necessarily translate into the entire amount entering circulation. While Ripple may use or sell some of the released XRP, it typically relocks a substantial share. As a result, investors watch not just the unlock itself, but also how much XRP is moved, sold, or returned to escrow afterwards.
Separate data from the first quarter of 2026 show that activity on the XRP Ledger continues to grow. According to Messari, XRP closed Q1 2026 as the fourth-largest non-stablecoin crypto asset by market capitalization, trailing behind Bitcoin, Ethereum, and BNB. Average daily network transactions jumped 35.3 percent during the same period, rising from 1.83 million to 2.48 million.
Growth on the network has been linked to developments in institutional decentralized finance applications, tokenized real-world assets, stablecoins, and decentralized liquidity features. Ripple’s US dollar-pegged stablecoin RLUSD also reached a market cap of $340.3 million on the XRP Ledger by the end of the first quarter, marking a 45 percent increase over the previous quarter and making RLUSD the network’s largest stablecoin.
Outlook for XRP price and key technical levels
The same report stated that the market value of real-world assets on the XRP Ledger soared 124 percent quarter over quarter to a record $2.25 billion. By the end of Q1, the network ranked seventh in this category, but more recent data indicated a move up to fourth place. Spot XRP ETFs in the United States also remained part of the market structure, holding a total of 775.4 million XRP at the end of the quarter. This figure corresponded to around 1.26 percent of circulating supply.
After the escrow unlock, XRP traded near $1.349 on the hourly chart. In the short term, the price has been moving within an ascending channel, with the lower channel support line continuing to act as a key indicator for broader market direction. Immediate support is seen around the $1.340 level, and a hold above this zone could pave the way for a test of $1.368.
Sustained movement above $1.368 may open the door towards the next upside target near $1.395, aligning with the upper bound of the current price channel. In contrast, a close below $1.340 could weaken the channel structure, meaning a failure to hold this area might invalidate the short-term bullish scenario.
