Ripple will unlock 1 billion XRP tomorrow
Ripple is scheduled to unlock 1 billion XRP tokens from escrow tomorrow, August 1, as part of its standard monthly release process. The token is currently trading at $3.17, with a market capitalization of $187.72 billion, and approximately 59.23 billion XRP in circulation (out of a 100 billion max supply). XRP price and volume movements XRP’s price has retracted from a monthly high of around $3.66 in late July, moving back to its present level of $3.17. The drop appears to reflect profit-taking and short-term speculator exits, rather than fundamental weakness; other major assets like Bitcoin and Ethereum declined by only 2–3% over the same timeframe, making XRP’s retracement more pronounced in relative terms. On July 30, XRP trading volume slipped modestly compared to earlier peaks, while analysts noted heightened whale activity, with more than 70 million XRP moving from dormant wallets, signaling accumulation from large holders. Ripple unlock mechanics ...