According to CryptoPotato, Ripple is set to unlock one billion XRP at the start of August, a practice that occurs monthly as part of the company's strategy to ensure a transparent release of its holdings. This initiative, which began in 2017, involves placing 55 billion XRP tokens into a series of escrows. Each month, one billion XRP is released, providing an upper limit on the amount of new XRP that can enter circulation. Any XRP not released into circulation is placed into a new escrow for future release.

The upcoming unlock, valued at over $600 million, will increase the circulating supply of XRP. However, the structured and predictable nature of these releases may help stabilize investor sentiment, as market participants are aware of the schedule and can prepare accordingly. Last month’s token unlock had a minimal impact on XRP’s price, which remained relatively flat.

Ripple is not the only crypto project planning significant token releases in the coming days. Wormhole intends to unlock 600 million tokens worth over $170 million on August 3, while Optimism will increase its circulating supply by 16.54 million tokens, valued at nearly $30 million, on July 31.

Analysts are optimistic about XRP's price prospects. Mikybull Crypto recently noted that XRP has formed a