Ripple recently released a significant portion of its XRP holdings into the market, causing a ripple effect on the price chart. The company, which is known for its work with XRP, unlocked 1 billion XRP from its escrow accounts in line with its monthly routine. As always, this unlocks XRP gradually through a process that involves releasing one billion XRP per month before some of it returns to Ripple’s reserves. Recent trends suggest around 600 million XRP are locked back in by Ripple. While the market reacted to the release with a slight dip, XRP ultimately surged towards the $2.33 zone, gaining over 3%. This price action shows that despite initial selling pressure following the unlock, the price was resilient and found new highs. The chart suggests that XRP’s price could potentially break through the resistance at $2.33, which is another 6.55% higher than the current point.