XRP Tests $1.30 Resistance as Ripple Locks 700M Tokens

Edgen Crypto

·Mar 02 2026, 22:47

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Key Takeaways

Ripple executed its scheduled monthly escrow transaction on March 2, securing 700 million XRP and removing them from the potential circulating supply. This action comes as the token's price tests a key technical level, with market participants weighing the supply restriction against signs of potential selling pressure.

Supply Secured: Ripple re-locked 700 million XRP into an escrow account as part of its programmed supply management.
Conflicting Signals: The reduction in available supply is countered by increasing XRP inflows into Binance, which can indicate preparations for selling.
Critical Price Level: Traders are closely monitoring the $1.30 price point, which is acting as a key resistance level for XRP.

Ripple Secures 700M XRP in Scheduled Escrow Lock

On March 2, 2026, Ripple executed a significant transaction, re-locking 700 million XRP tokens into a secure escrow account. This move is part of the company's established monthly schedule designed to manage the release of XRP into the market. By removing this substantial amount from the potential circulating supply, the action is intended to provide predictability and stability to the XRP ecosystem. While these scheduled lock-ups are expected by the market, the large size of the transaction reinforces the structured nature of Ripple's long-term supply management.

Price Tests Resistance as Binance Inflows Create Uncertainty

Despite the supply-constraining nature of the escrow lock, the price of XRP faces a period of uncertainty. The token is currently testing a critical resistance level around $1.30. A successful break above this price could signal bullish momentum, while a failure to do so may indicate weakness. Compounding this uncertainty are reports of growing XRP inflows to the Binance exchange. An increase in exchange inflows often suggests that holders are moving tokens into wallets where they can be more easily sold, creating potential downward pressure that counteracts the bullish interpretation of the supply lock.