CryptoMediaClub
Thursday, July 31, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Altcoins

Ripple Unlocks One Billion XRP: Time to Buy or Sell?

01.09.2023
A A
0
133
VIEWS
ShareShare

Ripple Unlocks One Billion XRP: Time to Buy or Sell?

  • Ripple Labs has initiated the strategy release of 1B XRP from its escrow accounts, worth over $510M.
  • The XRP saw a minimal impact on price down by 3.50% over the past 24 hours.

In a strategic move aimed at maintaining the liquidity of the XRP cryptocurrency, Ripple Labs has released a total of one billion XRP coins from its escrow accounts. The release was executed in four transactions, with the overall transferred XRP valued at $510 million.

According to popular blockchain tracker Whale Alert, the transactions occurred on September 1 at 12:00 a.m. (UTC), with the first transaction seeing the unlocking of 300 million XRP tokens. Subsequent transactions included the release of 100 million XRP in the second, 200 million XRP in the third, and an impressive 400 million XRP in the final transaction.

XRP Coins Unlock (Source: Whale Alert Telegram Group)

The phased release of XRP from escrow is part of Ripple’s strategy to maintain a balanced circulation of the cryptocurrency, thereby preventing any drastic downfall.

Ripple Labs introduced the process of locking XRP in escrow accounts back in 2017 as a means to ensure controlled distribution. This method involved a gradual monthly release of one billion tokens over a span of 55 months. As per this schedule, the final transaction is anticipated to be made available by December 2023.

Out of the total supply of 99,988,458,761 XRP, approximately 52,977,697,600 XRP, equivalent to about 47%, are currently in circulation.

XRP’s Price Reaction

Notably, this recent escrow release has demonstrated limited impact on the XRP price. Currently, XRP is trading at $0.5093, reflecting a 3.50% decrease over the past 24 hours. This price dip coincides with a broader trend of price decline affecting several major cryptocurrencies in the market. The SEC’s decision to delay the Bitcoin ETF until October additionally contributed to the decline in the crypto market.

XRP (XRP) Price Chart (Source: TradingView)

In terms of its moving averages, XRP’s current outlook reveals an upward track relative to its 200-day moving average (MA), though it remains below its 50-day MA. The Relative Strength Index (RSI) for XRP stands at 34.21, indicating an oversold condition.

If the bearish sentiment continued, XRP’s price could potentially plummet to support levels of $0.4538. Or even further down to $0.3275. Conversely, if bullish momentum takes charge, XRP’s value could surge to $0.5837 and potentially reach as high as $0.9421.

What do you think about Ripple’s release of one billion XRP, and how would it impact the XRP’s price in the future? Tweet to us at @The_NewsCrypto and let us know your thoughts.

Recommended for you

XRP (XRP) Price Prediction 2023

Share10Tweet6ShareSharePin2

Related Posts

Solana gains 80% in a month as Firedancer goes live on testnet
Altcoins

Solana gains 80% in a month as Firedancer goes live on testnet

02.11.2023
0

Solana (SOL) has posted 30-day gains of nearly 81%, and has rallied over 30% in the past week amid the...

Read moreDetails
Price analysis 10/30: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON

Price analysis 10/30: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON

30.10.2023
Bitcoin price hovers near $35K as ETH, APT, QNT and RUNE turn bullish

Bitcoin price hovers near $35K as ETH, APT, QNT and RUNE turn bullish

30.10.2023
Chainlink leads the market with 61% weekly gain — What’s driving LINK price?

Chainlink leads the market with 61% weekly gain — What’s driving LINK price?

27.10.2023
FLOKI price soars 140% in a week — Are memecoins like DOGE, PEPE finally waking up?

FLOKI price soars 140% in a week — Are memecoins like DOGE, PEPE finally waking up?

27.10.2023
Load More
Next Post
Bitcoin Eyes $30K as Bulls Target Next Resistance Level

Bitcoin Eyes $30K as Bulls Target Next Resistance Level

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

FBI Warns of Crypto Human Trafficking Rings in Asia

2 years ago
Groundbreaking Ohio Invoice: State Takes Daring Step In direction of Establishing Bitcoin Reserve

Groundbreaking Ohio Invoice: State Takes Daring Step In direction of Establishing Bitcoin Reserve

5 months ago
Revealing Bitcoin Breakthrough: US Congress Prepares Landmark Crypto Coverage?

Revealing Bitcoin Breakthrough: US Congress Prepares Landmark Crypto Coverage?

5 months ago
Bitcoin Whale Holdings of Reaches 2-Year High: BTC Price Prediction

Bitcoin Whale Holdings of Reaches 2-Year High: BTC Price Prediction

1 year ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Solana’s xStocks top $1.6B in first month of trading, largely driven by centralized exchanges

Shiba Inu Price Prediction: 602 Million SHIB Tokens Burned in One Go – Could This Be the First Step Toward $1 SHIB?

Bitcoin whipsaws below $116k amid largest hourly correction in two weeks; risks of further pullback to $114k

Pi Coin Price Prediction: Binance Listing Rumors Heat Up Again – Could PI Skyrocket Past $10? 

JPMorgan Partners with Coinbase, Letting Millions of Chase Customers Buy Crypto Instantly

Stock Prices of Major Chinese Companies Now Available in Web3 Ecosystem

Trending

[LIVE] Crypto News Today: Latest Updates for July 31, 2025 – Bitcoin Holds $118K After Fed Keeps Rates Steady, ETH Trades Above $3.8K
All news

[LIVE] Crypto News Today: Latest Updates for July 31, 2025 – Bitcoin Holds $118K After Fed Keeps Rates Steady, ETH Trades Above $3.8K

31.07.2025
0

Crypto market is flashing mixed signals today as investors digest the Federal Reserve’s decision to keep interest...

ChatGPT Predicts the Price of XRP, Shiba Inu and Cardano by the End of 2025

ChatGPT Predicts the Price of XRP, Shiba Inu and Cardano by the End of 2025

31.07.2025
Prosecutors Investigating Ex-South Korean President Yoon Quiz ‘Crypto Fraudster’

Prosecutors Investigating Ex-South Korean President Yoon Quiz ‘Crypto Fraudster’

31.07.2025
Solana’s xStocks top $1.6B in first month of trading, largely driven by centralized exchanges

Solana’s xStocks top $1.6B in first month of trading, largely driven by centralized exchanges

31.07.2025
Shiba Inu Price Prediction: 602 Million SHIB Tokens Burned in One Go – Could This Be the First Step Toward $1 SHIB?

Shiba Inu Price Prediction: 602 Million SHIB Tokens Burned in One Go – Could This Be the First Step Toward $1 SHIB?

31.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz