Ripple is scheduled to release 1 billion XRP from its escrow accounts on Sunday, November 1, 2026, as part of its monthly token unlock program. At press-time prices, the batch carries a notional value of roughly $1.24 billion. The release could add to XRP's available market supply, although it does not necessarily mean the full 1 billion tokens will be sold. Ripple has historically returned a substantial share of each unlock to escrow while retaining part of it for operations, liquidity, and ecosystem activities.

Previous Unlock Still Held in Ripple Wallets

According to on-chain data, two Ripple-controlled wallets still held 500 million XRP each as of October 29. Those tokens came from the previous unlock on October 1, and neither wallet had recorded an outgoing payment since receiving them.

An Unusual Supply Setup Heading Into November

The timing creates an unusual supply situation, as Ripple could gain access to another 1 billion XRP while the previous allocation remains in its wallets. If the November release similarly remains outside escrow and unspent, unlocked XRP held in Ripple's wallets would reach 2 billion tokens. The upcoming release involves two escrow accounts of 500 million XRP each.

Reaching the scheduled release date does not automatically move the tokens. Ripple must submit an EscrowFinish transaction to complete the release, meaning the scheduled unlock should not be mistaken for a confirmed transfer or sale. The clearest signals to watch in the days after November 1 are therefore whether EscrowFinish transactions appear on the ledger, whether the two October wallets finally move, and how much of the new release is returned to escrow compared with the roughly 70% re-lock rate of the past year.

Ripple introduced its escrow program in December 2017, placing 55 billion XRP — 55% of the cryptocurrency's maximum 100 billion supply — into time-locked contracts. The arrangement was designed to make XRP's supply more predictable through monthly releases of up to 1 billion tokens, with unused amounts returned to new escrow contracts rather than entering circulation immediately.

Recent releases have largely followed that pattern. On-chain tracking shows Ripple re-locked approximately 700 million XRP, or 70% of each monthly release, over the 12 months through October 2026, leaving roughly 300 million XRP outside escrow each month for operational needs, liquidity provision, and ecosystem activities.

ETF Outflows and Whale Accumulation

The upcoming unlock comes amid a challenging market environment for XRP. U.S. spot XRP exchange-traded funds (ETFs) recorded $3.61 million in outflows in the week leading up to October 29, raising concerns about institutional demand. These flow figures are compiled weekly, so upcoming reports will show whether the late-October outflows carried into November.

Large holders, however, continued accumulating. As reported by Finbold, wallets holding at least 10 million XRP collectively controlled 46.87 billion tokens, representing approximately 68.5% of the circulating supply. Those figures imply a circulating supply of roughly 68.4 billion XRP, against which a full 1 billion-token release would amount to about 1.5% of tokens currently in circulation.

XRP Price Overview

By press time, XRP was trading at $1.24, down roughly 0.9% over the past 24 hours and more than 2% over the past week.

At current levels, XRP sits below both its 50-day simple moving average (SMA) of $1.39 and its 200-day SMA of $1.28, a reading that points to a bearish technical outlook. The 50-day SMA, however, remains above the 200-day average, indicating that a longer-term bearish crossover has not yet occurred.

The 14-day Relative Strength Index (RSI) stood at 37.46, signaling weakening momentum while remaining above the oversold threshold of 30. That leaves XRP vulnerable to further downside, though a recovery in buying pressure could allow it to reclaim the $1.28 200-day SMA as an initial technical hurdle.