Ripple has carried out its scheduled June escrow release, unlocking 1 billion XRP across three transactions, according to data from on-chain tracker Whale Alert. The release was valued at more than $1.33 billion based on the prices cited in the reported transfers.
The largest transaction unlocked 500 million XRP, valued at about $666.07 million. A second transaction released 400 million XRP, worth about $532.86 million. A third transaction unlocked 100 million XRP, valued at nearly $133.21 million.
Ripple’s monthly escrow releases are part of a long-running supply management system linked to XRP’s original distribution structure. The XRP Ledger has a maximum supply of 100 billion tokens, while market data cited for early June 2026 showed about 61.85 billion XRP circulating in the open market.
Ripple Escrow Balance Remains in Focus
After the June release, Ripple’s locked escrow balance is estimated at about 38.15 billion XRP. The exact timeline for when the escrow could be fully depleted remains unclear because Ripple regularly returns a large share of each monthly release back into escrow.
Ripple Chief Technology Officer David Schwartz has previously explained that the company voluntarily re-locks XRP that it does not expect to need, use, or sell. When unused XRP is returned to escrow, it effectively extends the release schedule by adding another month to the back end of the program.
This process means that a 1 billion XRP monthly release does not automatically add the full amount to circulating supply. Only the portion retained or used by Ripple may enter the market, while the rest is typically re-escrowed.
The escrow system remains closely watched by XRP traders because large scheduled unlocks can affect supply expectations. However, market reaction often depends on how much XRP is actually moved, sold, or returned to escrow after each release.
XRP Ledger Activity Shows Institutional Growth
Separate network data showed continued activity across the XRP Ledger during the first quarter of 2026. According to figures cited from Messari, XRP closed Q1 2026 as the fourth-largest non-stablecoin crypto asset by market capitalization, behind Bitcoin, Ethereum, and BNB.
Average daily transactions on the XRP Ledger rose 35.3% quarter over quarter, increasing from 1.83 million to 2.48 million. The growth came as the network expanded its feature set for institutional decentralized finance, tokenized real-world assets, stablecoins, and decentralized liquidity.
Source: Messari
Ripple’s USD-pegged stablecoin, RLUSD, ended Q1 2026 with a market cap of $340.3 million on the XRP Ledger, rising 45% from the previous quarter. RLUSD became the largest stablecoin on the network during the period.
The XRP Ledger also closed the quarter with a record real-world asset market cap of $2.25 billion, up 124% quarter over quarter. At the end of Q1, the network ranked seventh by RWA market cap, while later data cited in the report placed it fourth.
U.S. spot XRP ETFs also remained part of the market structure. By the end of Q1 2026, these ETFs collectively held 775.4 million XRP, equal to about 1.26% of the circulating supply. ETF holdings had peaked at 810.2 million XRP on March 3, 2026.
XRP Price Tests Bullish Channel Support
XRP traded near $1.349 on the 1-hour chart after the escrow release. The short-term chart showed price moving inside an ascending channel, which keeps the near-term structure constructive while XRP remains above the rising lower trendline.
The key support level sits around $1.340. This area aligns with the lower boundary of the ascending channel and is the main level for buyers to defend. If XRP holds above this zone, the price may attempt another move toward $1.368.
Source: X
A break and hold above $1.368 would place the next upside target near $1.395, where the upper side of the channel is located. That area may act as short-term resistance if buying momentum improves.
On the downside, an XRP price close below $1.340 would weaken the current channel structure. If XRP loses that level, traders may look for a deeper correction as the short-term bullish setup would no longer remain intact.
