The post XRP News: Ripple Moves 1B XRP, Locks 700M Back in Escrow—No April Release Yet appeared on BitcoinEthereumNews.com.

After multiple high-value transfers across Ripple-associated wallets, 700 million XRP was re-locked in escrow. Despite these movements, XRP has dropped 2.47% to $2.13. Market analysts remain hopeful for a price rally to $3 or beyond in April. Ripple, the firm that operates XRP’s blockchain, has made huge fund transfers in the form of 1 billion XRP tokens, despite the unusual absence of the typical monthly escrow release. This development comes amid a pattern that has persisted since last year, where the expected 1 billion XRP release on the first day of the month has not occurred for April. A Look At Ripple’s High-Value XRP Transactions Notwithstanding the absent escrow release, Ripple went ahead with its standard fund movements for April. Whale Alert, a blockchain tracking service, reported an initial transfer of 500 million XRP across various wallets earlier today. The transaction history shows that at 03:06 UTC, Ripple (26) transferred 300 million XRP, valued at around $629 million, to a recognized Ripple-associated address “rBg…91m.” Later, at 03:09 UTC, another 200 million XRP, valued at $420 million, was transferred from Ripple (26) to another Ripple-associated wallet, “rKD…2op.” Nonetheless, Whale Alert did not capture further transactions. Two minutes later, another set of transfers was triggered by yet another Ripple-affiliated wallet, Ripple (27). At 03:28 UTC, this wallet sent 170 million XRP, valued at $357 million, to “rKD…2op.” Subsequently, at 03:31 UTC, another 330 million XRP, valued at $693 million, was sent to another affiliated wallet, “rDd…eCK.” This was the first transaction recorded by this address since March 1. Re-Locking Of XRP Tokens After the transfer action, the blockchain firm instructed some of the transferred XRP back into escrow. The address “rKD…2op,” having received a total of 370 million XRP from the previous transactions, locked the full amount in escrow at 03:33 UTC.…

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Filed under: News - @ April 2, 2025 8:23 pm