Ripple, a leading cryptocurrency payment provider based in San Francisco, has unlocked one billion XRP tokens from its escrow accounts. The release, which occurred on October 1st, followed Ripple’s consistent practice of issuing XRP tokens on the first day of each month, according to a Whale Alert report.

Breakdown of Token Releases

The one billion XRP tokens were released in three distinct transactions. The first transaction saw Ripple unlock 500 million XRP, equivalent to approximately $310.65 million. The second transaction released another 400 million XRP, valued at around $248.89 million. 

The third and final transaction involved the release of 100 million tokens, valued at $62.25 million. Ripple initially introduced its escrow system in late 2017 with the objective of stabilizing the XRP market. As part of this plan, the company reserved 55 billion XRP tokens in escrow, with a scheduled release of one billion XRP each month over several years. According to the current plan, Ripple will complete the last release of these tokens by April 2027.

XRP’s Strong Performance Ahead of Token Unlock

Following the release of the tokens, XRP’s price responded with a significant 3% increase within just a few hours. 

Related article: XRP Long-Term Holders Hold the Key: Can They Help Break the $0.65 Barrier in Q4?

This price movement pushed XRP above a critical dynamic resistance level that has been in place since 2022.

_{Source: CoinMarketCap}

Surprisingly, the week leading up to the token release had already marked a strong performance for XRP, as it recorded a price surge of 9.21%—the highest in several months. As of now, XRP is trading at approximately $0.6281 per token, reaching its highest price point since the end of July.

Ripple’s systematic release of XRP from escrow continues to play a key role in shaping the token’s market behavior.