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<p>The post <a rel="nofollow" href="https://coinpedia.org/news/xrp-price-on-the-rise-as-ripple-releases-1-billion-tokens/">XRP Price on the Rise as Ripple Releases 1 Billion Tokens</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>XRP, the digital asset associated with <a href="https://coinpedia.org/news/ripple-vs-sec-lawsuit-the-latest-in-the-ongoing-legal-saga-september-2023-update/">Ripple Labs</a>, has seen a significant price increase of 1.83%. This surge comes amidst Ripple’s release of 1 billion XRP coins into circulation as part of their monthly planned coin distribution strategy.&nbsp; This move increases the total number of XRP tokens available by about 1.87% from the previous total of 53.312 billion tokens.</p> 
<h2 class="wp-block-heading" id="gradual-unlock-of-xrp-tokens">Gradual Unlock of XRP Tokens</h2> 
<p>Ripple Labs has been gradually releasing its XRP toke­ns as part of a monthly distribution plan. As per information from @Whale_Alerts, around 1 billion XRP has been released from escrow through three transactions involving two different wallets.</p> 
<p>In the first transaction, 400 million XRP tokens worth more than $205.9 million were unlocked.&nbsp;</p> 
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<p>The second transaction released 100 million XRP tokens valued at $51.4 million.&nbsp;</p> 
<p>In the final transaction, Ripple unlocked 500 million XRP tokens worth $257.3 million. Considering XRP’s current market price of $0.5177, these unlocked tokens are valued at over $514.6 million. Importantly, these tokens are still owned by Ripple Labs.</p> 
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f513.png" alt="🔓" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f513.png" alt="🔓" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f513.png" alt="🔓" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f513.png" alt="🔓" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f513.png" alt="🔓" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f513.png" alt="🔓" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f513.png" alt="🔓" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f513.png" alt="🔓" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f513.png" alt="🔓" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f513.png" alt="🔓" class="wp-smiley" style="height: 1em; max-height: 1em;"> 500,000,000 <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw">#XRP</a> (257,393,344 USD) unlocked from escrow at <a href="https://twitter.com/hashtag/Ripple?src=hash&amp;ref_src=twsrc%5Etfw">#Ripple</a><a href="https://t.co/1lSZdeqcMS">https://t.co/1lSZdeqcMS</a></p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1708270569974649267?ref_src=twsrc%5Etfw">October 1, 2023</a>
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<p>Read More: <a href="https://coinpedia.org/news/ripple-proper-party-heres-what-happened-at-the-victory-party/">Ripple Proper Party: Here’s What Happened At The Victory Party</a></p> 
<h2 class="wp-block-heading" id="strong-what-s-the-strategy-at-play-here-strong"><strong>What’s the Strategy at Play Here?</strong></h2> 
<p>This action aligns with Ripple’s long-term plan, which involves gradually releasing XRP tokens over an extended period. This practice has been in place since 2017, with Ripple consistently releasing 1 billion XRP tokens each month. Ripple contends that this approach enhances the accessibility and utilization of XRP but also leads to a consistent influx of coins into the market.</p> 
<p>Ripple is dedicated to maintaining the stability of the <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/">XRP price</a>. To achieve this, they have consistently returned 800 million XRP (equivalent to 80% of the release) to their coin storage in recent months.</p> 
<p>For example, in September, Ripple swiftly returned 800 million XRP (equivalent to 80% of the unlocked tokens) to escrow. The exact amount slated for return to escrow this month is yet to be determined.</p> 
<p>Then again in October, Ripple locked back the 800 million XRP coins that were recently released from escrow.</p> 
<h2 class="wp-block-heading" id="h-was-the-xrp-price-impacted">Was the XRP Price Impacted?</h2> 
<p>Ripple’s recent unlocking of the tokens has not negatively impacted the XRP price. Over a seven-day period, XRP has experienced a 1.83% increase in value.</p> 
<p>Nonetheless, the short-term outlook for XRP’s price remains uncertain, with various predictions circulating regarding the token’s potential value, some suggesting it could reach as high as $21 in the coming years.</p> 
<p>Also Read: <a href="https://coinpedia.org/altcoin/xrp-armys-positive-outlook-insights-on-staying-bullish-beyond-ripples-crossovers/">XRP Army’s Positive Outlook: Insights on Staying Bullish Beyond Ripple’s Crossovers</a></p>

XRP Price on the Rise as Ripple Releases 1 Billion Tokens

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