As the uncertainty regarding the price of XRP continues, the most curious topics are the SEC lawsuit, unlocked tokens, and the circulating supply of XRP. Recently, some remarks have been made that shed light on the matter and the future of the coin.

XRP whales’ recent movements

The total circulating supply of XRP is 100 billion. Despite the fact that the supply may peak at 100 billion, XRP has always managed to maintain demand. This situation was highlighted by market major Chad Steingraber, who stressed that the supply is not as large as it seems.

Steingraber noted that Ripple unlocks 1 billion tokens per month, most of which are locked back into escrow wallets, which explains why XRP appears scarce in terms of supply. He also highlighted the current state of these escrows, noting that there are currently about 40 billion tokens locked.

In addition to the 40 billion XRP tokens currently locked, the number of tokens available to individual investors is also reduced by whales. From the 55.6 billion XRP currently in circulation, the top 10 XRP addresses control 11.2 billion XRP of the total supply. Meanwhile, the top 50 addresses hold 26.9 billion XRP, which is half of the current amount of XRP.

The Future of Ripple

If these large investors/entities do not decide to sell, it could have a significant impact on the price of XRP. Such a situation could make it difficult to find XRP on the market.

While the increasing scarcity may be worrisome for new retail traders trying to buy XRP, it also indicates strong confidence in XRP’s future price action. As Steingraber said, retail determines price, meaning that increased demand from retailers will eventually lead to higher prices.

As of writing, XRP is trading at $0.4758, down 3% over the past seven days. On the other hand, price declines seem to have slowed down over the past 24 hours, with gains close to 1%.

Data from CryptoRank shows that XRP’s July price outlook has remained positive for the past four years. However, it remains to be seen whether this will repeat itself.

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