Ripple unlocked another 1 billion tokens this morning from its XRP escrow account. As reported byWhale Alert, the release of 1 billion XRP, equivalent to more than $1.377 billion, occurred in three tranches: 200, 300 and 500 million XRP were unlocked step by step from the San Francisco-based blockchain company’s escrow accounts.

According toXRPL Services, the company currently continues to hold around 32.91 billion XRP.

This accounts for approximately 32% of the token’s total supply and, at current prices, is equivalent to more than $45.3 billion.

As is known, the unlocking takes place to boost liquidity, manage the market and support the gradual release ofXRP from the wallets.

Despite the substantial token release, the immediate market reaction to the unlock was largely subdued, with XRP's price showing only a marginal 0.9% increase from its opening value on the day of the event.

A more comprehensive view of XRP's recent market dynamics comes from its performance in February, which concluded with the token experiencing a notable 16.45% decline.

Throughout February, XRP's price exhibited considerable volatility, experiencing a peak drop of 33% from its monthly opening, although it managed to recover by 22% by the end of the month.

The token continues to trade in close proximity to the crucial $1.4 resistance level, though it has not yet managed to breach it.

Historically, March has been a more favorable month for XRP, given its average return of 16.7% during this month.

However, the median value remains in negative territory, so it is difficult to speak of any clear preference for the token in the new month.

It also remains to be seen how many XRP tokens will be returned back to escrow accounts.

Usually, this amount ranges from 200 to 300 million tokens.