The post XRP Price Today Slides After Ripple Unlocks 500M Tokens appeared first on Coinpedia Fintech News
XRP price today is facing renewed selling pressure, triggered in part by Ripple’s scheduled escrow unlock. On July 1st, blockchain tracking service Whale Alert reported that Ripple unlocked 500 million XRP tokens from escrow, sending a wave of speculation through the market.
As the XRP price hovers around $2.18, many investors are now questioning whether July will bring a breakout or a further pullback. Let’s break down the price movements, Ripple’s escrow mechanics, and what may come next.
XRP Price Today: Sharp Drop Amid Fresh Token Release
At press time, XRP is trading at $2.18, down 1.1% over the last 24 hours and 0.9% in the past 7 days. The price fell sharply by 0.6% in the last hour alone, continuing a bearish trend that began as July kicked off.
On July 1, XRP dropped by 2.85%, wiping out some of the gains it accumulated in the final week of June. During June 23–27, XRP surged over 6.11%, reaching a monthly high of $2.32 on June 30.
Despite this recent weakness, XRP remains one of the best-performing major cryptocurrencies over the last 12 months, with a staggering 350% annual gain, outperforming both Bitcoin (71.8%) and Ethereum (-29.1%).
Ripple Escrow Activity
Ripple operates a monthly escrow system that releases 1 billion XRP on the first of every month. This ensures predictable supply and market transparency.
This month, Whale Alert confirmed that Ripple unlocked 500 million XRP, which was moved to its well-known wallet, Ripple 27. From there, 200 million XRP was sent to wallet rN8pqR, and 300 million XRP to wallet rKwJaG. Later, Ripple re-locked 400 million XRP into a new escrow via Ripple 15, according to on-chain data.
Such moves typically trigger short-term volatility in XRP price today, as traders respond to the potential increase in circulating supply.
XRP Price Performance in 2025
In Q1 2025, XRP closed with a modest 0.45% quarterly return, held back by 29.3% and 2.52% drops in February and March, respectively. However, the sentiment shifted in Q2:
- April: +4.98%
- May: -0.80%
- June: +2.95%
With a strong rebound at the end of Q2, bulls had hoped for a positive July. However, the market’s early pullback raises short-term concerns.
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XRP Price Forecast: Can It Still Reach $6.50 or $8?
Despite the current dip, analysts remain bullish. A top crypto market analyst predicts that XRP could climb to $6.50 – or even $8 – in July, driven by increasing institutional interest and macro-level crypto momentum.
But to get there, XRP must first reclaim key resistance levels at $2.25 and $2.32. If those levels are cleared with volume, the next leg up may follow quickly.
Conclusion
XRP price today is under pressure following the latest Ripple escrow unlock, but long-term sentiment remains positive. With a strong historical performance, predictable token releases, and growing community optimism, XRP remains a coin to watch.
As always, investors should monitor key resistance levels and on-chain activity closely. If Ripple maintains its careful supply management and market demand holds, the path to $6+ might still be open.
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