Ripple re-deposited 700 million XRP into escrow from its regular July unlock of 1 billion XRP, supplying only 300 million XRP to the market. That has prompted analysis that Ripple’s net monthly liquidity supply this year is effectively becoming fixed at around 300 million XRP.

On July 1 (local time), blockchain media outlet U.Today reported that after its regular monthly unlock process, Ripple locked 70% of the available amount back into escrow and left only 300 million XRP on the market. Whale-tracking service Whale Alert also detected the fund movements.

The market is focusing less on the fact that 1 billion XRP was unlocked and more on that only 300 million XRP actually entered circulation. According to the outlet, that supply size matches the net liquidity level Ripple has maintained in 2026 after undergoing monthly re-escrow procedures.

Ripple’s decision to limit supply stems from a liquidity management strategy that considers market capacity to absorb tokens. As of July 2026, average daily trading volume for XRP on licensed trading platforms is about $1.61 billion, showing a stable trend. The view is that supplying a larger amount at once could increase price volatility given order-book liquidity.

U.Today rated Ripple’s supply strategy as based on “pragmatic financial discipline” that takes into account the crypto market’s current capacity to absorb supply.

Brad Garlinghouse (브래드 갈링하우스), Ripple’s chief executive officer, has previously described XRP as Ripple’s “North Star,” and that was mentioned again. The outlet said Ripple is adjusting supply within what the market can handle to maintain stability in the XRP ecosystem, while keeping the view that excessive supply could negatively affect price stability.

By value, the market supply of 300 million XRP is estimated at about $319 million. But it is not large compared with Ripple’s total escrow holdings. XRP Scan said 35.8% of total XRP supply, or 35.8 billion XRP, remains locked in Ripple’s escrow smart contracts. The net supply in this release is less than 1% of those escrow holdings.

The market response was relatively positive. According to the outlet, newly supplied tokens were smoothly absorbed as positive investor sentiment around the XRPL ecosystem continued. XRP’s price also maintained a solid upward trend on the day.

On the technical side, XRP rebounded after holding the $1.0390 support level and rose to around $1.06, which is seen as a psychological resistance level.

The case is seen as showing that Ripple’s monthly unlock is not a simple supply event but part of a supply management strategy that comprehensively considers trading volume, market liquidity and the scale of escrow holdings.