XRP declined 2.37% to $2.87 as Ripple locked 700M XRP, worth over $2.08B, into escrow.
Trading volume rose 8.59% to $7.45B, lifting the volume-to-market cap ratio to 4.38%.
XRP’s FDV reached $287.24B, while price remained range-bound near short-term support levels.
XRP posted a modest daily decline while Ripple conducted its scheduled escrow activity, returning a significant volume of tokens to controlled supply. The cryptocurrency dropped 2.37% over the last 24 hours, reaching a current price of $2.87. Ripple confirmed it locked 700 million XRP, valued at over $2.08 billion, back into escrow as part of its monthly supply management process.
Source: CoinMarketCap
Trading activity increased during the same period. Daily volume rose 8.59%, reaching $7.45 billion, as the broader market tracked the escrow event and the token’s price response. XRP’s market capitalization stands at $170.36 billion, while its Fully Diluted Valuation (FDV) reached $287.24 billion.
XRP Consolidates Near Support as Volume Outpaces Market Value Ratio
XRP traded within a range that reflected recent volatility. The chart shows a decline that brought the token near short-term support levels. Despite the drop, volume strengthened, suggesting higher participation as the escrow event unfolded.
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The ratio of 24-hour volume to market capitalization came in at 4.38%. This measure offers perspective on the relative scale of daily transactions compared to the total market value. However, the price has yet to establish any significant recovery from the recent low. The chart depicts an extended consolidation, with the asset trading below resistance zones that were active during prior sessions.
Ripple Locks 700M XRP as Volume Rises Amid Price Decline
Ripple’s action involved locking 700 million XRP back into escrow contracts. This routine procedure limits immediate circulating supply and follows a predictable monthly schedule. The locked value exceeded $2.08 billion at the time of execution. Ripple uses escrow releases and relocks to manage liquidity while maintaining a structured token supply process.
Notably, the event drew market attention because it coincided with increased volume. However, the transaction did not prevent XRP’s price from declining during the day’s session. XRP’s FDV reached $287.24 billion, indicating the value of all tokens if fully unlocked. Meanwhile, the current market capitalization stood at $170.36 billion after the 2.37% decline.
This valuation framework offers reference points for traders assessing liquidity and potential supply over time. As trading continues, market participants are likely to track volume shifts and price movement relative to these metrics. The volume uptick, combined with the escrow lock, formed the main themes of XRP’s session as the asset traded within its recent range.
