Here is How Much XRP Ripple Holds According to Its Latest Market Report
Ripple has released a fresh quarterly report focusing on the XRP market, disclosing details of the companys 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 XRPspecifically 1 billion tokensis 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, Ripples 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.Ripples XRP Balance Per API DataAccording to Ripples API data, with the most recent entry dated October 27, Ripples 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 TrustsFurthermore, 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.
Text source: The Crypto Basic
