500 Million XRP Removed From Supply Until 2028 – How Will This Affect Price?
Over 500 million XRP were moved into escrow until 2028, reducing circulating supply and potentially boosting price amid renewed long-term holder accumulation.Summary
XRP price has recovered above $2.00, partly due to broader market sentiment, but also supported by structural changes, including the transfer of over 500 million XRP (worth more than $1 billion) into an escrow mechanism locking the supply until 2028. This reduction in circulating supply can cause a 'supply shock' where rising demand leads to outsized price reactions. Furthermore, on-chain data shows that Long-Term Holders (LTHs) are reversing a month of selling and are now accumulating XRP, suggesting renewed confidence in sustained upside. While XRP is trading near the critical $2.00 psychological level, it needs to secure this as support to target resistance at $2.03 and potentially $2.10. Failure to hold $2.00 could lead to profit-taking, pushing the price down toward $1.93 or $1.86.
(Source：BeInCrypto)