Ripple’s Escrow Release Sends 1 Billion XRP Into Circulation as Bulls Eye $2.30

Following Ripple’s December escrow release, the XRP market experienced renewed volatility, injecting fresh liquidity into an already active trading environment. The network unlocked 1 billion XRP in two separate transfers, each comprising half a billion tokens. This release directed 500 million XRP to the Ripple (9) address at 21:00 UTC, followed shortly by another 500 million XRP to the Ripple (28) address. Both transfers remain inactive as of press time.    Ripple typically allocates these unlocked tokens for operational use and returns unused amounts back to escrow, a strategy aimed at maintaining supply discipline and avoiding liquidity shocks. This structured approach supports predictable monthly releases. XRP trades near $2.17 with daily volume exceeding $4 billion. The price exhibits modest daily gains, but weekly charts show a slight decline. Traders continue observing how newly introduced supply interacts with existing market pressure around familiar technical levels.     Analysts pinpoint resistance near $2.30 as XRP’s key hurdle, noting that sellers fiercely defend this level.