Ripple to Unlock 1 Billion XRP on November 1, 2025

Ripple is set to release 1 billion XRP from escrow on November 1, 2025, as part of its ongoing monthly unlocking schedule.

At the current market price of $2.48 per token, the release represents approximately $2.48 billion worth of XRP entering circulation.

The timing is significant for the cryptocurrency, as the U.S. Securities and Exchange Commission (SEC) approaches multiple XRP ETF deadlines in late October and early November. A ruling on Grayscale’s XRP ETF application is expected by October 29.

Analysts suggest that if approvals follow the pattern of recent Bitcoin and Ethereum ETF launches— which together have attracted over $150 billion in inflows— XRP could experience a similar surge in institutional demand.

With legal clarity now confirming XRP’s non-security status, approval could drive sustained structural demand, potentially offsetting any short-term selling pressure from the new token supply.

Separately, Ripple co-founder Chris Larsen has made headlines with a 50 million XRP transfer—worth roughly $120 million—to Evernorth Holdings.

Evernorth, backed by Ripple executives, is preparing for a SPAC merger and aims to establish the largest public XRP treasury, projected to exceed $1 billion in assets. The company plans to list on Nasdaq under the ticker XRPN by early 2026, positioning itself as a bridge between XRP, traditional finance, and DeFi markets.

The move sparked debate within the XRP community. Critics labeled it another “cash-out,” citing Larsen’s $764 million in XRP sales since 2018, while supporters argued it strengthens long-term ecosystem growth.

Market reaction was limited: XRP briefly fell from $2.54 to $2.36 following the transfer before rebounding to current levels.