In the early hours of August 2, Ripple executed a pair of major transactions, collectively locking 700 million XRP, worth more than $2.08 billion, back into escrow. These movements, totaling 500 million and 200 million XRP, respectively, were publicly identified via blockchain monitoring platforms and later shared by crypto analyst Xaif (@Xaif_Crypto) on X. The transactions took place just minutes apart, with the 500 million XRP lock occurring at 05:44 UTC and the 200 million XRP lock registered at 05:43 UTC. While these transactions are part of Ripple’s routine escrow system , they come at a moment of heightened attention to XRP’s performance. JUST IN: Ripple locks 700M $XRP (worth over $2.08B) back into escrow 500M XRP 200M XRP pic.twitter.com/99Z9whpQDp — Xaif Crypto | (@Xaif_Crypto) August 2, 2025 How Ripple’s Escrow Works Ripple’s escrow system was introduced in 2017 to address long-standing concerns about XRP’s circulating supply. Through this mechanism, 55 billion XRP were initially placed into a series of time-locked contracts, with a maximum of 1 billion XRP released monthly. Some experts believe this escrow system protects XRP’s price , and the company retains the option to place unused XRP back into escrow. That’s precisely what appears to have occurred here. These relocks help preserve scarcity and reduce fears of oversupply, which can impact market sentiment. Can Escrow Activity Push XRP Above Crucial Support? At the time of the escrow activity, XRP traded just below $3, a crucial support level it lost on August 1 . Investors have expressed concern about the asset’s trajectory, as this decline came less than two weeks after the asset hit a new all-time high . We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Although the asset has lost the $3 mark, it has shown relative strength, staying just under $3 instead of falling further. This strength may be attributed to renewed institutional interest , ongoing developments in Ripple’s international partnerships, and the buyers in the market defending the asset from continued declines. Ripple’s escrow sales might contribute to the buying pressure, potentially pushing XRP back above $3 and securing that support level. In some past cycles, these large-scale escrow locks have been seen as stabilizing forces. However, the current market reaction remains muted. While the escrow system has its critics, experts in the crypto space have consistently pushed back against them , as many see the system as a positive force in the market. Market watchers continue to monitor how Ripple’s escrow decisions correlate with the digital asset’s price action. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Ripple Locks 700 Million XRP (Worth over $2.08 Billion) Back into Escrow appeared first on Times Tabloid .