Ripple added a net 300 million XRP to circulation in July 2026 after relocking 70% of its monthly unlock. The article says the July unlock was worth about $319 million in nominal terms, but the amount that actually stayed in the market was reduced by the relocking step.
Relocking kept the net supply increase limited
The report describes this as Ripple’s attempt to manage liquidity without flooding the market. Monthly unlocks do not automatically mean all tokens enter active circulation; the relocking process is the key control point. Brad Garlinghouse, who has called XRP Ripple’s “North Star,” has said the company keeps unlocked volumes within limits that do not threaten price stability.
As of July 2026, XRP’s average daily trading volume on regulated platforms stood at about $1.61 billion. Against that backdrop, Ripple’s view is that large and uncontrolled token releases could disrupt order book stability and add volatility to XRP trading.
35.8 billion XRP remain locked in escrow
According to XRP Scan, about 35.8% of total XRP supply, or 35.8 billion XRP, remains locked in escrow contracts directly controlled by Ripple. On that basis, July’s net addition of 300 million XRP amounts to less than 1% of Ripple’s currently locked reserves.
An escrow contract is an on-chain mechanism that locks a fixed amount of tokens under pre-set rules and releases them later. The structure is commonly used to prevent sudden jumps in supply and to make release schedules easier for the market to track.
XRP held firm intraday as traders watched $1.0390
The article says XRP kept a strong intraday tone after the latest unlock, with positive sentiment in the XRPL ecosystem helping buyers absorb the newly released tokens more quickly. On the chart, $1.0390 is described as a key support area. After holding that zone, XRP staged a local rebound and moved back toward the $1.06 psychological level.
For the rest of the day, market direction depends on whether current demand can match the net addition of 300 million XRP. Based on the information presented, the relocking measure is containing supply-side pressure for now.