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Ripple has released a fresh quarterly report focusing on the $XRP market, disclosing details of the company’s total $XRP holdings.
Notably, Ripple shares its quarterly $XRP markets report to provide a transparent and informed perspective on key updates on the $XRP Ledger (XRPL) and $XRP-related developments. Among the key highlights in the latest report are specific records concerning how much $XRP Ripple holds.
How Much $XRP Does Ripple Hold?
Ripple discloses its $XRP holdings at the start and end of each quarter. The company’s $XRP reserves are divided into two categories:
- Available $XRP: This refers to the $XRP that Ripple currently holds in its wallets and has immediate access to.
- Escrowed $XRP: This category includes $XRP locked in on-ledger escrow accounts, which are scheduled to be released monthly.
Until the escrow is released, Ripple does not have access to this $XRP. Each month, a portion of the escrowed $XRP—specifically 1 billion tokens—is released to Ripple. The company typically withdraws 200 million $XRP tokens from this release and re-escrows the remaining balance.
As of June 30, 2024, Ripple reported holding a total of 4,682,112,997 (4.68 billion) $XRP. Additionally, the company had 39,500,000,005 $XRP locked in escrow at that time. By September 30, 2024, Ripple’s holdings had decreased to 4,436,713,796 (4.44 billion) $XRP, while the amount subject to on-ledger escrow was slightly lower at 38,900,000,005 (38.9 billion) $XRP.
In other words, at the start of the fourth quarter of 2024, Ripple had a total balance of 43.33 billion $XRP.
Meanwhile, Ripple released 1 billion $XRP in October and locked back 800 million. In November, 1 billion $XRP was released, but as of press time, the company had yet to re-lock 800 million tokens from the November escrow execution.
Ripple’s $XRP Balance Per API Data
According to Ripple’s API data, with the most recent entry dated October 27, Ripple’s spendable balance stood at approximately 4.42 billion $XRP. Meanwhile, the escrowed balance was 38.7 billion.
With the 1 billion tokens released on November 1, this escrow balance would have decreased to 37.7 billion and would eventually increase to 38.5 billion $XRP should Ripple return the customary 800 million tokens.
Ripple Sends $XRP to ETPs and Trusts
Furthermore, Ripple disclosed that it occasionally transfers $XRP to third parties, including trusts, exchange-traded products (ETPs), and other investment entities.
When this occurs, a smaller quantity of $XRP may be returned to escrow for that month. However, Ripple noted that as long as it anticipates the transferred $XRP will remain within its holdings and not enter the wider market, it is classified as “$XRP Held by Ripple.”