Ripple Follows Escrow Rules, Moves $1.1B XRP Without Market Dumping

• Ripple unlocked $1.1B in XRP on May 1, confirmed by on-chain data and Whale Alert tracking.
• XRP volume dropped 35.5% in 24 hours as price slipped toward key $2.21–$2.25 support zone.
• Analysts warn XRP could retest $1.90, citing 0.618 retracement and past support levels.

Ripple handled a big internal money move yesterday, May 1, which was part of their regular monthly XRP escrow unlock. They shifted over $1.1 billion worth of XRP. Whale Alert flagged the transaction, showing 500 million XRP going between inside Ripple wallets. 

That blockchain data confirmed the money didn’t head to outside wallets. This cleared up talk about the unlock possibly messing with the market,

Escrow Protocol Followed in May Cycle

On-chain records back up that those funds came from Ripple’s own escrow accounts. This lines up with Ripple’s standard playbook: unlock tokens on the first day of each month. Ripple usually locks some of that money back up. 

Early signs point to them doing just that during this May 1 cycle as planned.

The post Ripple Follows Escrow Rules, Moves $1.1B XRP Without Market Dumping appeared first on Coin Edition.