After a week of speculation within the XRP community, Ripple has finally confirmed the unlocking of XRP on August 1, with approximately 1 billion XRP withdrawn from the escrow account on August 9.
Ripple spoke out to confirm this after rumors suggested that Ripple would not unlock XRP in August, something that has never happened since the escrow program began in late 2017.
With the unlocking schedule for XRP in August now confirmed, the XRP community is very excited about the XRP ETF as this could be a sign that the company is preparing for strategic reserves and potential ETF launches, hinting at larger moves by institutions in the future.
