Ripple Releases 1 Billion XRP From Escrow, but Net Locked Supply Impact Depends on Re-Locking
Ripple released 1 billion XRP from escrow on November 1 in two 500 million XRP transfers, worth roughly $1.25 billion at prices cited by trackers. Whether the release adds to circulating supply depends on how much the company returns to new time-locked contracts, a figure not yet visible on the ledger.
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The November Release
Ripple released 1 billion XRP from escrow on November 1, according to blockchain trackers KKapon and XRP Live. The tokens moved in two transactions of 500 million XRP each, completed at approximately 00:00:02 UTC, and were routed to escrow wallets that trackers identify as Ripple 10 and Ripple 11. At the prices cited by the trackers, the combined value was approximately $1.25 billion.
The release follows Ripple's established monthly schedule rather than a change in policy. Ripple set up the escrow system in December 2017 with 55 billion XRP across contracts designed to make a portion available each month. Monthly releases often involve several transactions, as September's release did with separate transfers of 500 million, 400 million and 100 million XRP.
How Much Stays Off the Market
A release does not establish how much XRP reaches the market. Ripple's pattern has been to return much of each unlock to new time-locked contracts. Per on-chain analysis cited by crypto.news, October saw 1 billion XRP released and 700 million re-locked, a net reduction of 300 million XRP in escrowed supply. The same 700 million re-lock figure appeared in September.
As of 10:50 UTC on November 1, a ledger report found no tokens from the latest release had been placed into new escrow, and Ripple-controlled escrow holdings stood near 30.4 billion XRP. If Ripple repeats the October pattern, the November net reduction would also be 300 million XRP. That figure remains conditional until the corresponding EscrowCreate transactions appear on the ledger. Even XRP left outside escrow may sit in company-controlled wallets, so an unlock alone does not show sales or distribution.
Price Reaction
Despite the headline dollar value, XRP showed little movement. According to crypto.news price data, the token traded near $1.25 on November 1, up 0.08% over 24 hours, within a daily range of $1.25 to $1.26 on reported volume of roughly $717 million. XRP was down 2.89% over seven days and 18.52% over the past month, having started October near $1.49.
Analyst Xaif Crypto reported that cumulative volume delta had turned sharply positive after heavy sell-side pressure, which the analyst read as buyers stepping in. The same analyst described the shift as short-term and unconfirmed, requiring sustained buying to hold.
Source Discrepancies
The two reports agree on the 1 billion XRP figure and the roughly $1.25 billion value. Bitcoinist frames the release mainly around its potential effect on circulating supply, while crypto.news stresses that the net effect is unknown until re-locking is confirmed. Neither source provides a verified figure for how much XRP will ultimately reach exchanges, so the circulating supply impact should be treated as unresolved.
Why It Matters
For Traders
Price barely moved on the unlock, so the open question is the EscrowCreate re-lock figure, which could change near-term circulating supply expectations once it appears on the ledger.
For Investors
A recurring pattern of partial re-locking means the scheduled unlocks overstate near-term supply, and the net locked-supply trend over several months matters more than any single release.
For Builders
Teams modeling XRP liquidity or treasury exposure should track EscrowFinish and EscrowCreate pairs on the ledger, since release size alone does not indicate supply entering the market.
This article is for information only and is not financial advice. Read the full disclaimer.
