Ripple released 1 billion XRP from escrow on November 1 through two separate transactions of 500 million tokens each. The transfers were worth approximately $1.25 billion combined and attracted attention on social media, although they followed the company’s regular monthly release schedule.
Summary
- Ripple released 1 billion XRP on November 1 through two scheduled transactions of 500 million tokens each.
- Blockchain trackers identified both transfers as routine monthly escrow releases, despite claims on social media that the activity was unusual.
- Ripple re-locked 700 million XRP in October, following its usual practice of returning unused tokens to escrow.
- No new escrow transactions had been confirmed in the initial November reports, leaving the month’s net release uncertain.
- XRP traded near $1.25, up 0.08% over 24 hours, despite the attention surrounding the transfers.
According to blockchain trackers KKapon and XRP Live, each transaction moved 500 million XRP into Ripple-controlled wallets. Both transfers were completed at approximately 00:00:02 UTC, releasing tokens from existing escrow contracts.
The November releases involved two Ripple escrow wallets, commonly identified by trackers as Ripple 10 and Ripple 11.
Each wallet received 500 million XRP, bringing the total release to 1 billion tokens. Based on the prices cited by the trackers, the combined value was approximately $1.25 billion.
In a separate alert, KKapon described the second transaction as part of Ripple’s scheduled monthly escrow release.
On the XRP Ledger, an escrow release is recorded through an EscrowFinish transaction. This allows previously locked tokens to be released once the required conditions have been met.
Ripple introduced its escrow system in December 2017, initially locking 55 billion XRP in contracts designed to release a portion of its holdings every month.
The company said any unused tokens would be placed into new escrow contracts, extending the release schedule beyond the original 55 months.
Monthly releases can involve several transactions because Ripple’s locked holdings are spread across multiple contracts. September’s release, for example, included separate transactions of 500 million, 400 million, and 100 million XRP.
Therefore, November’s two equal transfers do not indicate any unexpected change in Ripple’s escrow policy.
How much XRP will Ripple return to escrow?
Although Ripple released 1 billion XRP in November, the amount it eventually keeps outside escrow is still uncertain.
The company has historically returned a large portion of its unlocked tokens to new time-locked contracts rather than leaving the entire amount available for use.
In October, Ripple released 1 billion XRP and later placed 700 million tokens back into escrow, resulting in a net reduction of 300 million XRP in its locked supply.
The same 700 million XRP re-lock pattern was also recorded in September, according to XRP Ledger transaction data.
A November 1 ledger report found that none of the newly released tokens had been placed into new escrow contracts as of 10:50 UTC. At that time, Ripple’s escrow holdings stood at approximately 30.4 billion XRP.
If the company follows October’s pattern and re-locks another 700 million tokens, the net reduction in escrowed supply for November would be 300 million XRP.
However, this figure remains conditional until the corresponding EscrowCreate transactions are recorded on the ledger.
Even tokens that remain outside escrow may still be held in Ripple-controlled wallets. An escrow release alone does not confirm that the company has sold or distributed those tokens.
XRP price remains near $1.25 after escrow release
Despite the large value of Sunday’s transactions, XRP recorded only a small price movement.
According to crypto.news price data, XRP was trading at approximately $1.25 on November 1, up 0.08% over the previous 24 hours.
Its daily trading range remained between $1.25 and $1.26, with trading volume of approximately $717 million.
However, XRP was still down 2.89% over the previous seven days and 18.52% over the past month.
Earlier market analysis highlighted weakening prices throughout October, when XRP fell from around $1.49 at the beginning of the month.
Crypto analyst Xaif Crypto reported a positive change in cumulative volume delta, suggesting that buyers were beginning to respond after the earlier selling pressure.
Another analyst described the development as a short-term bullish shift but said it was not yet confirmed. Sustained buying would be needed to establish a stronger reversal.
So far, the November escrow transactions have not provided evidence of immediate exchange selling linked to the released tokens.
The next confirmed supply figures will depend on Ripple’s subsequent wallet transfers and any new escrow contracts recorded on the XRP Ledger.