Ripple is scheduled to release 1 billion XRP on Oct. 1, marking its tenth escrow unlock of the year and continuing the monthly schedule introduced in 2017. At XRP's current price of $1.47, the release has a notional value of $1.47 billion. The full amount is not expected to enter circulation: Ripple typically returns most unlocked tokens to escrow, with the effective monthly increase in potentially circulating supply generally estimated at 200 million to 300 million XRP. After the Sept. 1, 2026, unlock, the company placed 700 million tokens back into escrow, where about 32 billion XRP remains. Ripple originally placed 55 billion XRP into escrow, and roughly one-third of XRP's fixed 100 billion maximum supply remains locked. Because the releases are predictable, traders generally view them as already priced into XRP, limiting their perceived effect on the token's price. The XRP Ledger enforces the scheduled release dates.