Ripple Unlocks 1 Billion XRP Ahead of Crucial Price Support Level

Ripple is preparing to release 1 billion XRP on September 1 as part of its long-running escrow schedule on the XRP Ledger.

This event has significant implications for the token's supply dynamics and potential market impact, particularly given XRP's recent trading near the key $1 level.

The upcoming escrow unlock follows a process that began in late 2017, when Ripple locked 55 billion XRP into time-based escrow contracts, releasing up to 1 billion XRP at the start of every month.

Ripple typically places between 600 million and 800 million XRP back into new escrow contracts, resulting in an actual increase in circulating supply between 200 million and 400 million XRP each month.