Ripple is preparing for the largest XRP dump in 7 years

November arrived and Ripple rocked the market with perhaps the biggest monthly reset in seven years. XRP Ledger Company (XRP) the main developer and largest holder has reserved 470 million XRP for sale, worth $240 million.

Every month since 2017, Ripple has unlocked 1 billion XRP and reserved a portion of it—usually 200 million XRP—for sale. In November Ripple unlocked 1 billion but for the first time in many years twice the usual amount was reserved.

This month’s escrow ended within Ripple (24) And Ripple (25) accounts, unlocking 500 million XRP each as usual. Ripple (25) has re-locked it all into escrow for 2028 within Ripple (12) And Ripple (13) accounts as usual.

However, Ripple (24) only re-locked 30 million XRP within Ripple (12), sending an unprecedented 470 million XRP to Ripple (1). This is the account used for monthly dumps for many years. The company’s move has raised concerns as such a large sell-off could significantly impact the price of the token, penalizing XRP investors.

Ripple unlocks and the largest history of XRP dumps

Notably, Ripple’s previous largest dump occurred in June after 200 million XRP was reserved and adding another 200 million from an inactive Ripple account (35), Finbold said. Massive and unprecedented sale ended June 20which we also covered sold a total of 400 million XRP.

In this case, the price of XRP fell nearly 20% from June 1 to July 7, highlighting the nefarious financial implications. There has not been a record of such a high dump since 2017, when Ripple implemented an escrow system for greater transparency.

XRP is currently trading at $0.511. Since the beginning of the year, it has lost 18.70%. Interestingly, in 2024, Ripple sold 2.576 billion XRP. The largest sales to date occurred in June (400 million), September (350 million)and July (300 million).

What’s next for XRP as Ripple could sell over 470 million tokens

However, in all the previous months, Ripple had only reserved the usual 200 million XRP from the escrow unlock. Additional selling pressure came from accounts remaining idle throughout the month – unlike what we are seeing now in November.

Thus, it is possible that Ripple could add more selling pressure to its already record 470 million XRP. This month’s events take place just days before the US presidential election. Chris Larsen, co-founder and CEO of Ripple: revealed $10 million donation to Kamala Harris’ campaign, which came after sale.

“It’s time for Democrats to take a new approach to technological innovation, including cryptocurrency. I believe Kamala Harris will ensure American technology dominates the world, so I am donating $10 million in XRP to support her.”

— Chris Larsen

While Ripple in particular has not disclosed any of these sales, the company has disclosed its sales model on multiple occasions. According to sourcesXRP sales are carried out using an on-demand liquidity (ODL) model, where willing customers are sold at the market price.

Moreover, the cryptocurrency community expects the results of this election to have a profound impact on the market. XRP investors and traders should keep a close eye on Ripple’s next steps based on its results over the next few days.