XRP shows sign of market weakness following Ripple’s delayed April 3 release of 1 billion XRP tokens from escrow systems. The delayed token release prompted market doubts while marking a substantial drop in XRP’s market value.
Three separate XRP transfers occurred according to Whale Alert with a single movement of 500 million tokens and two additional transfers of 200 million each. The released amount matched Ripple’s typical monthly schedule but the delayed timing has attracted market scrutiny.
Data from CoinMarketCap shows that XRP dropped by 7.33 percent over the past 24 hours. The price now stands at $1.96, slipping from a peak of $2.12 earlier on April 2. Trading volume surged over 132 percent within the same period, reaching $7.68 billion.
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Since 2017 Ripple’s escrow system maintains control over XRP circulation through supply management to reduce market price instability. The April 2 escrow transactions that returned 700 million XRP to escrow drew attention with their delayed timing. The XRP community continues to question decisions after two months of delaying the unlock date until the third day.
Delayed Unlock Adds Pressure as XRP Market Reacts
Following the delayed release Ripple’s price decreased while certain traders interpret this deviation as evidence of Ripple’s strategic business moves. The timing dynamics have reinforced this interpretation because it correlates directly with the downward price movement.
XRP’s market capitalization declined to $114.66 billion while experiencing a 7.33 percent market decrease. The market capitalization of XRP currently resides at $114.66 billion with a circulating supply of 58.2 billion tokens while maintaining its position among top digital assets by volume.
The members of the XRP community monitor Ripple’s escrow behavior closely for any signs of unusual events. If the ongoing delay patterns continue, future XRP price movements might be affected by future unlocking date fluctuations.
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