Ripple Unlocks 1 Billion XRP in September Escrow Release

Ripple has unlocked 1 billion $XRP as part of its regular monthly escrow release, according to blockchain transaction tracker Whale Alert.

The release occurred through three transactions involving 500 million, 400 million and 100 million $XRP from Ripple-controlled escrow accounts.

Ripple’s XRP escrow balance declines to about 31.28 billion

The September release follows Ripple’s established escrow mechanism, under which up to 1 billion $XRP can become available at the beginning of each month.

Ripple originally placed 55 billion $XRP into escrow in 2017 and said that any unused $XRP would be returned to escrow for future releases.

As of Aug. 31, approximately 32.28 billion $XRP remained locked in Ripple’s on-ledger escrow, according to an on-chain tracker that calculates the balance directly from active XRPL escrow objects.

Following the September 1 unlock, Ripple’s existing escrow balance is estimated at about 31.28 billion $XRP. That represents roughly 31.28% of $XRP’s fixed maximum supply of 100 billion tokens.

However, an escrow unlock does not mean Ripple has sold 1 billion $XRP. Ripple has historically returned part of each monthly release to escrow, meaning the amount that actually enters the broader market can be substantially lower than the headline 1 billion $XRP figure.

$XRP price gains momentum as liquidations exceed $2.3 million

$XRP is showing signs of renewed bullish momentum. The cryptocurrency is trading at around $1.39, up roughly 1.7% over the past 24 hours.

$XRP has gained approximately 30.8% over the past 30 days and 14.5% over the last 90 days. Despite those gains, the token remains under pressure on a year-to-date basis.

More than $2.3 million worth of $XRP positions have been liquidated over the past 24 hours. Short liquidations account for roughly $1.5 million, compared with about $793,000 in long liquidations.