New speculation about Ripple’s next move has emerged due to an unusual pattern of token movement, as revealed by XRP tracker’s on-chain data and live commentary. A total of 500 million XRP was unlocked from escrow, of which 400 million were relocked.
According to the latest data, XRP 300 million is allocated to on-demand liquidity (ODL) corridors, exchange trade products (ETPs), and other strategic investments. These tokens are not relocked and appear to be ready for deployment. The remaining gaps allow room for another 500 million XRP to be unlocked later this month, bringing the cycle closer to its expected monthly schedule of 1 billion XRP.
Ripple’s XRP escrow management has become more complicated in recent months. Although it followed a consistent pattern of unlocking the past billions of XRPs and regenerating unused portions (often in total 800 million XRPs), the company has recently shifted to a more fragmented and flexible movement.
Since March, Ripple has used new escrows from existing retentions rather than strictly following the time-locked release structure.
This is the second time I’ve had a 300m lock. It was locked in total on July 1st. It is expected that the 500m lock will be unlocked. https://t.co/wb4zbcrern
– XRP_LIQUITITY (LARSEN/BRITTO/ESCROW/ODL/RLUSD) (@XRPWALLETS) July 2, 2025
There have been minor changes this month, but the big patterns are still the same. So far, 7 million XRP has been locked in July, consistent with the 2025 forecast lock level. Current allocation strategies appear to prioritize liquidity management and supporting investment products over changing the overall supply dynamics.
At the time of reporting, Ripple’s total escrow holding is approximately 36.4 billion XRP, managed through automated smart contracts. Ripple does not hold these funds directly and reports another balance of around XRP 5 billion.
