Main notes
- Ripple Labs 700 million XRP has taken the guarantee in three transactions.
- The price of XRP decreased sharply, as it decreased to less than 3 dollars amid the shrinkage of the public market.
- Two previous transfers indicate more activity associated with the Ripple strategy of warranty.
Ripple Labs closed 700,000,000 XRP in the guarantee after the currency price decreased to less than $ 3. This happened on August 2 and was marked by Whale Alert, a platform known to track large cryptocurrency transactions. The move came at a time when XRP was already struggling in the market.
Ripple moves more than two billion dollars of XRP in three transfers
According to the update, Ripple made three large transactions, transferring a total of 700 million XRP to the warranty. The amounts were 100 million XRP, 500 million XRP and 100 million XRP.
At the value of the dollar, this value was 296.4 million dollars, 1.48 billion dollars, and 296.1 million dollars, respectively. In total, this is more than two billion dollars in closed value.
– Whale_AHALERT) August 2, 2025
Ripple usually cancels 1 billion XRP insurance at the beginning of each month and closes most of them again in the guarantee, usually about 800 million. This time, the procedure occurred on the second day of the month instead of the first. The timing shift is not new, as Ripple has sometimes delayed this routine in recent months.
Before this main lock, the whale alert also noted two large XRP transfers, one of 200 million XRP and another from 300 million XRP. This came from an unknown wallet and went directly to the ripple. These previous movements are believed to be part of the regular Ripple activity of guarantee.
It should be noted that the Ripple guarantee system is not new. In July, Coinspeaker reported that Ripple Locked 400,000,000 XRP in warranty. This process is used to manage XRP flow and control the amount of market entry at one time. By locking large quantities, Ripple helps reduce sudden supply, which may affect the price more. This system has existed since 2017.
The price of XRP slips less than $ 3 after updating the interest rate in the Federal Reserve
The last XRP decrease is associated with news from the American Federal Reserve. On July 30, the Federal Reserve announced that interest rates will remain the same at the present time. This led to a decrease in the price of Bitcoin, and other coins, including XRP, followed the same path.
Since then, XRP has decreased by more than 10 %, as it decreased from $ 3.32 to low to $ 2.98. On Friday alone, the currency lost 4.2 %. I tried to decline with an increase of 3.35 %, but decreased again by 1.28 %. While XRP is still unique, Coinspeaker has been informed that senior analysts such as Javon Marks remain up to the rise in the price of XRP to $ 4.80.
At the time of this report, XRP is priced at $ 2.94, a decrease of 2.01 % in 24 hours. The latest Ripple guarantee procedures can help reduce supply and achieve some balance. However, at the present time, the market remains cautious, and XRP holders closely see what is happening after that.
In relevant news, Coinspeaker noted that Bloomberg Eric Palunas analyst said that XRP ETF could be approved in early September or October. And it confirms that the chances of approval of early fall solutions are still 85 %.
the next
Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.
Benjamin Jodfrey is a blockchain lover and journalist who enjoys writing about the real life applications of Blockchain technology and innovations to pay public acceptance and complementarity all over the world for emerging technology. His desire to educate people about encrypted currencies inspire his contributions to the media and famous sites in Blockchain.
The post Ripple Labs Locks 700,000,000 XRP In Escrow as Price Nosedives first appeared on Investorempires.com.
