The post Ripple to unlock 1 billion XRP tomorrow, May 1; Sell pressure incoming appeared on BitcoinEthereumNews.com.

⚈ Ripple will unlock 1 billion XRP on May 1, worth over $2.2 billion.⚈ The added supply may briefly pressure XRP, already down 2.78% today.⚈ Most unlocked XRP is usually relocked, limiting long-term price impact. While XRP has been on a mild uptrend since mid-April, reaching two temporary highs near $2.30, the last 24 hours saw a substantial downtrend as the token plunged 2.78% to its press time price of $2.23. XRP 30-day price chart. Source: Finbold The timing of the downward correction has been particularly unfortunate as Ripple Labs is scheduled to unlock 1 billion XRP, worth just over $2.2 billion, tomorrow, on May 1. Under most circumstances, the company’s scheduled unlocks, which are part of its long-term strategy and the long-standing escrow system, don’t have a meaningful impact on the token’s price action. However, the sudden jump in supply could exacerbate the existing downtrend. In the May cycle, two Ripple wallets will become active after years of being locked: Ripple (26) and Ripple (27).  The former contains two escrows scheduled to unlock with 200 million and 300 million XRP, while the latter has one batch of 500 million tokens, according to the data Finbold retrieved from XRPScan on April 22. Why the possible impact on XRP price will be short-lived Still, even if there is an impact on price, it will likely be ephemeral as Ripple’s standard practice involves relocking the majority of the tokens after some are allocated for operational and similar uses. The possible downward pressure is also unlikely to last, even if it proves meaningful, due to the numerous other factors influencing XRP’s price in 2025. So far, external developments such as the unpredictable yet escalating Trump trade war and Bitcoin’s (BTC) cryptocurrency market moves have had the token within their gravity. More recently, the…

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Filed under: News - @ April 30, 2025 9:24 am