Ripple has released a fresh quarterly report focusing on the XRP market, disclosing details of the company’s total XRP holdings. The report provides transparency on key updates related to the XRP Ledger (XRPL) and XRP-related developments. Below, we break down Ripple’s XRP reserves and recent market activities.
How Much XRP Does Ripple Hold?
Ripple discloses its XRP holdings at the start and end of each quarter. The company’s XRP reserves are divided into two categories:
- Available XRP: The XRP held in Ripple’s wallets with immediate access.
- Escrowed XRP: XRP locked in on-ledger escrow accounts, released monthly.
As of June 30, 2024, Ripple held 4.68 billion XRP, with 39.5 billion XRP in escrow. By September 30, 2024, its available holdings decreased to 4.44 billion XRP, while the escrowed balance slightly dropped to 38.9 billion XRP. This means Ripple began Q4 2024 with a total balance of 43.33 billion XRP.
Monthly Escrow Releases
- Each month, 1 billion XRP is released from escrow.
- Ripple typically withdraws 200 million XRP and re-escrows the remaining 800 million XRP.
- In October 2024, Ripple released 1 billion XRP and re-locked 800 million XRP.
- In November 2024, another 1 billion XRP was released, but the customary re-escrow of 800 million XRP had not yet occurred at the time of reporting.
Ripple’s XRP Balance According to API Data
Ripple’s API data (as of October 27, 2024) showed:
- Spendable balance: ~4.42 billion XRP
- Escrowed balance: 38.7 billion XRP
After the November 1 release, the escrow balance would drop to 37.7 billion XRP and eventually rebound to 38.5 billion XRP if Ripple re-escrows 800 million XRP.
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Ripple’s XRP Transfers to Third Parties
Ripple occasionally transfers XRP to:
- Trusts
- Exchange-traded products (ETPs)
- Other investment entities
When this happens, less XRP may be returned to escrow for that month. However, if the transferred XRP is expected to remain within Ripple’s holdings (not entering the open market), it is still classified as "XRP Held by Ripple."
FAQ Section
1. Why does Ripple hold XRP in escrow?
Escrow ensures controlled XRP release, preventing market oversupply and maintaining price stability.
2. How much XRP does Ripple release monthly?
Ripple releases 1 billion XRP monthly but typically re-escrows 800 million XRP.
3. What happens to XRP transferred to third parties?
If the XRP remains within Ripple’s ecosystem (e.g., trusts or ETPs), it’s still counted as part of Ripple’s holdings.
4. How does Ripple’s XRP holding affect the market?
By managing escrow releases and third-party transfers, Ripple aims to balance liquidity and market stability.
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Disclaimer: This content is for informational purposes only and does not constitute financial advice. Always conduct independent research before making investment decisions.