Ripple’s $3.28 Billion Escrow Unlock Derails XRP Price Breakout
The post Ripple’s $3.28 Billion Escrow Unlock Derails XRP Price Breakout appeared on BitcoinEthereumNews.com.
XRP price was at the cusp of a breakout after a multi-day climb, but the potential rally was cut short with FUD (Fear, Uncertainty, and Doubt), following a massive unlock. Ripple executives attempted to assuage the situation, but clarifications have been insufficient to salvage the XRP price amid weekend volatility. Ripple Unlocks 1 Billion XRP: All You Need To Know Fear, uncertainty, and doubt spread across the XRP community on Saturday, following Ripple’s move to release 1 billion tokens from escrow. According to Whale Alert, Ripple escrow unlocked 500 million, 100 million, and 400 million XRP tokens, three transactions worth $3.28 billion. Ripple Unlocks 1 Billion XRP. Source: Whale Alert on X These tokens were previously held on Escrow as part of a 2017 protocol intended to stabilize market supply. The transactions turned heads, amid speculation that it would precede a sell-off. “They want you to buy XRP while they sell it,” wrote CFA Rajat Soni, a popular user on X. Soni’s comment, among others, alluded to Ripple manipulating its escrow release schedule. Meanwhile, XRP price had been on a bullish streak, drawing tailwinds from the positive break in its longstanding case between Ripple and the US SEC (Securities and Exchange Commission). Against this backdrop, Ripple CTO David Schwartz moved to clarify the FUD, ascribing the escrow release to a routing activity. “They always release on the first day of the month. You may not necessarily see any on ledger activity just because the escrow has released, though. The ledger doesn’t do anything by itself; it always waits for someone to submit a transaction to trigger it,” Schwartz articulated. Community members indicated that Ripple escrow accounts have randomly released several contracts in the last two months. Notwithstanding, Ripple’s escrow system is a longstanding subject for debate, with the firm holding…
Filed under: News - @ August 10, 2025 8:28 pm