Ripple Labs is scheduled to unlock 1 billion XRP on April 1, continuing its long-standing escrow release program that remains a focal point for market participants assessing potential supply pressure.

At current prices, with XRP trading near $1.37, the upcoming unlock represents roughly $1.37 billion in value. The token has declined about 3.2% over the past 24 hours and nearly 5% over the past week, reflecting a period of short-term weakness ahead of the scheduled release.

Ripple escrow unlock

Ripple’s escrow system, however, is structured to prevent abrupt supply shocks. While 1 billion XRP is unlocked each month, a significant majority, typically between 70% and 80% is returned to escrow through new contracts. The remaining portion, generally in the range of 200 million to 300 million XRP, is deployed for operational purposes, including institutional sales and ecosystem development.

As a result, the net increase in circulating supply is materially lower than the headline figure suggests. This controlled release mechanism has historically limited the direct market impact of these events, even as they continue to influence short-term sentiment.

XRP Ledger

The XRP Ledger has a total supply just under 100 billion tokens, with around 61.3 billion currently in circulation. That positions XRP among the largest digital assets, supported by an $84 billion market cap and steady trading volume.

That scale is also why these monthly unlocks continue to draw attention. While they are routine, their impact tends to depend on broader market conditions. In periods of softer price action, even a controlled release can weigh on sentiment.

So while the April 1 unlock represents roughly $1.37 billion at current prices, the actual impact is likely to be more limited. Much of the XRP will be re-locked, leaving the market to focus on how well demand can absorb the portion that does circulate.