Ripple Releases 1B XRP From Escrow as Price Eyes $2.30 Resistance
Ripple unlocked 1 billion XRP from escrow in December via two 500 million XRP transfers to Ripple-controlled addresses. Both transfers were idle at the time of reporting; Ripple commonly reallocates unused escrowed XRP for operations and returns the rest to escrow, maintaining a predictable monthly release schedule and supply discipline. XRP traded around $2.17 with daily volume above $4 billion. Technical analysts highlight a key resistance zone near $2.30 — a decisive level where sellers have recently defended gains. Support levels noted include $2.18 and $2.02, with lower targets at $1.92 and $1.88 if price retraces. A daily close above $2.30 could target $2.45–$2.50. Charts also suggest XRP is tracking Bitcoin’s trend. Traders are watching whether the added liquidity from the escrow unlock will contribute to a breakout above $2.30 or trigger a retracement toward deeper support.
Neutral
The escrow release increases circulating supply but follows Ripple’s predictable monthly schedule and both transfers remained idle, which limits immediate selling pressure. Technical structure shows a clear resistance at $2.30 — a breakout above it would be bullish, while failure could prompt a retracement to noted supports ($2.18, $2.02, $1.92). High daily volume (> $4B) and correlation with Bitcoin mean price action may be influenced more by broader market momentum than the single escrow event. Historically, scheduled escrow releases have had mixed short-term impacts: they increase available liquidity but often do not trigger sustained sell-offs if market demand absorbs supply. Therefore, near-term impact is likely neutral; traders should watch price reaction at $2.30, volume confirmation, and BTC direction to determine bias.