Ripple (XRP), one of the altcoin projects that Turkish people are particularly interested in, is preparing for a major XRP sale in July. The company plans to sell approximately 300 million XRP tokens worth about $145.50 million. As we reported on Kriptokoin.com, Ripple increases the circulating XRP supply by selling a portion of its reserves every month.

Ripple's XRP Reserves and Escrow Transactions

Ripple released 1 billion XRP through the XRP Ledger escrow system on July 1. This transaction was conducted through two accounts named 'Ripple (24)' and 'Ripple (25)' and had a total value of $485 million. Normally, the company sends 200 million tokens to the treasury every month. However, this month, an alternative account named 'Ripple (35)' added an additional 100 million XRP to the 'Ripple (1)' account. This indicates that the company plans to make a larger sale this month.

'Ripple (24)' account first sent 200 million XRP to 'Ripple (1)' account for July sales. Then, this account transferred 300 million tokens to 'Ripple (12)' account and locked this amount until November 2027. At the same time, 'Ripple (25)' account sent 500 million released tokens to 'Ripple (13)' account and locked them until October 2027. These transactions can be verified via XRP Scan block explorer.

Past Sales of Popular Altcoin Ripple

Ripple, which implemented the escrow system in 2017, reserves up to 350 million XRP for sale every month. The company has sometimes held back a portion of the reserves for better sales opportunities in the following months. In other months, larger sales exceeding the previously reserved amount have been made, but this amount has never exceeded 400 million XRP.

In 2024, Ripple sold 226 million, 260 million, 240 million, 200 million, 200 million, and 400 million XRP respectively from January to June. Although the implementation of the escrow system in 2017 increased transparency due to investor complaints, it continues to show that the economic effects of supply inflation continue to affect XRP's performance.

XRP Price Analysis and the Impact of Ripple Sales

It is remarkable that Ripple's sales directly affect the price of XRP by creating selling pressure in the spot market. Historically, XRP has mostly lost value when Ripple sells its tokens. Since the beginning of 2024, price increases have been observed on only five out of 14 sales days: February 5th, February 11th, April 14th, May 13th, and May 20th. On the other nine days, price decreases have occurred, highlighting the importance of monitoring the company's activities.

Additionally, XRP has demonstrated negative performance in four months of the first six months of the year. The XRP price is currently trading at levels of $0.484. Therefore, investors should closely monitor Ripple sales in July as these sales may slow down the expected bull rally.

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