After weeks of speculation, Ripple has confirmed the unlocking of 1 billion XRP on August 9th. This announcement has sparked excitement in the XRP community, seen as a sign of preparations for a potential ETF launch.
After weeks of speculation, Ripple confirmed the unlocking of 1 billion XRP on August 9, ending rumors of a month without an unlock, which would have been unprecedented since 2017. This scheduled release has excited investors, reinforcing hopes for an XRP ETF and signaling major institutional movements ahead.
Ripple, historically faithful to monthly unlocks, has recently gained flexibility. The company now creates new escrows and releases tokens later in the month. This change reduces selling pressure and maintains liquidity, demonstrating that even established routines can evolve.
With approximately 35.6 billion XRP still locked in escrow, monthly unlocks will remain a key element of Ripple’s tokenomics for years to come. August’s unlock didn’t trigger an immediate rally, but it reassures holders about the supply management strategy, which is now more flexible based on market conditions.
Thanks to Whale Alert activity, increased legal clarity, and confidence in the company’s reserves, XRP’s price is consolidating on solid ground. A breakout above $3.40 could trigger a new bullish wave, while support between $3.14 and $3.20 remains crucial for maintaining positive sentiment.
In summary, this 1 billion XRP unlock confirms Ripple’s strategy, brings welcome flexibility, and fuels hope for an XRP ETF. This could precipitate major institutional movements in this rapidly expanding market.
A breakout above $3.40 would trigger a new bullish wave and open the door to attractive opportunities. Here’s a simple guide to get XRP on Bitget right now :
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