Overview
- Ripple executed its monthly 1 billion XRP escrow release on September 1 and then re-locked roughly 700 million, leaving about 300 million XRP outside new time locks.
- The market absorbed the release and has held around $1.40 after a 28.5% rally in August that took XRP briefly to about $1.70.
- On-chain signs point to large institutional transfers: active XRPL addresses doubled to about 2.26 million in August and weekly payment volume spiked about 521% while total transaction counts fell.
- Spot XRP ETFs pulled in $153.55 million during August with most inflows concentrated in the final two weeks, bringing cumulative ETF inflows to about $1.68 billion.
- Near-price buy orders total roughly $108.2 million, which is far smaller than the value of unlocked coins, and upcoming U.S. events — the Senate CLARITY Act timetable and the Federal Reserve meeting on September 15–16 — could quickly shift liquidity and sentiment.