Ripple Releases 1 Billion XRP into Escrow Wallet as XRP Remains in Sideways Pattern

Azeez Mustapha


Unlock Daily Forex Signals

Select a Plan


1 - month



3 - month



6 - month






Separate Swing Trading Group



Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored

Service for copy trading. Our Algo automatically opens and closes trades.


The L2T Algo provides highly profitable signals with minimal risk.


24/7 cryptocurrency trading. While you sleep, we trade.


10 minute setup with substantial advantages. The manual is provided with the purchase.


79% Success rate. Our outcomes will excite you.


Up to 70 trades per month. There are more than 5 pairs available.


Monthly subscriptions begin at £58.

Ripple (XRP) has traded under immense pressure since December 2020 following the lawsuit by the SEC. Despite this, XRP has managed to remain in the top ten crypto rankings, beating the odds.

The blockchain company behind XRP has released 1 billion tokens in its programmed schedule release. The company released the tokens in two tranches for its escrow wallet.

Prominent whale transaction aggregator Whale Alert corroborated the development, announcing that $423 million worth of XRP has been unlocked from escrow at Ripple Escrow wallet. Ripple trades at $0.40 at press time, down by 4.95% on the day.

Interestingly, Ripple has locked 55 billion XRP tokens (worth $22 billion) in a series of escrows. This was done to implement additional predictability to the token supply. These escrow wallets are domiciled on the XRP Ledger itself.

Escrow will release one billion XRP tokens each month in 55 installments. The blockchain company also noted that they have updated their account security model. Ripple currently has a circulating token supply of 48.3 billion tokens, according to data from CoinMarketCap.

Meanwhile, Whale Alert also reported that large accounts have acquired more than $73 million worth of XRP in the last 24 hours.

Key Ripple Levels to Watch — June 1

XRP attempted a bullish push towards the $0.4400 pivot top on Monday but failed to make it past the 100 EMA around the $0.4250 level. The cryptocurrency has since retraced to the $0.4000 support line amid a broader market correction on Wednesday.

XRPUSD – 4-Hour Chart on Bitfinex. Source: TradingView.

The sixth-largest cryptocurrency has traded within a sideways pattern for three weeks and shows no sign of a momentum change in the near term. That said, we should expect a bearish continuation to the $0.3900 low in the coming hours, followed by a bullish charge to $0.4300 in the coming days.

Meanwhile, my resistance levels are $0.42500, $0.4400, and $0.4600, and my support levels are $0.4000, $0.3500, and $0.3000.

Total Market Capitalization: $1.25 trillion

Ripple Market Capitalization: $19.5 billion

Ripple Dominance: 1.56%

Market Rank: #6


You can purchase Lucky Block here. Buy LBlock

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *