What to know:
- Bill Morgan believes Ripple should release more XRP escrow each month.
- Ripple still holds roughly 38.15 billion XRP in escrow despite monthly unlocks.
- Faster distribution could help XRP reach full circulating supply sooner.
The debate around XRP escrow is heating up again. This time, prominent crypto commentator Bill Morgan is calling on Ripple to speed up the release of its locked XRP holdings.
Ripple currently unlocks one billion XRP on the first day of every month. However, the company does not place all of those tokens into circulation. Instead, it returns a large portion back into escrow and keeps only what it needs for business and institutional operations.
Morgan believes this approach is slowing XRP’s progress. According to him, Ripple should release more of the unlocked tokens and reduce the amount that is sent back into escrow. He argues that reaching a fully circulating supply sooner could strengthen XRP’s position in the digital asset market.
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XRP Escrow Remains Major Community Topic
Ripple’s escrow program has long been a subject of discussion among XRP supporters and critics. Current estimates suggest it could take nearly nine more years before the company’s escrow reserves are fully exhausted.
The timeline remains difficult to predict because Ripple does not relock the same amount every month. The company adjusts its escrow strategy based on operational needs and market conditions.
On June 1, Ripple unlocked one billion XRP through three separate transactions. At the time, those tokens were worth more than $1.33 billion. Yet a substantial portion of the unlocked supply was later returned to escrow.
Ripple Chief Technology Officer Emeritus David Schwartz has previously explained that the company voluntarily relocks XRP that it does not immediately need.
XRP Escrow and Road to Full Circulation
Today, approximately 61.85 billion XRP are active and circulating in the market. Another 38.15 billion XRP remain locked in escrow.
Morgan argues that accelerating the release process could help XRP achieve a fully distributed supply sooner. In his view, that could strengthen XRP’s appeal as a form of hard money and remove a lingering source of uncertainty.
Meanwhile, Ripple continues to reject suggestions that the escrowed XRP should be burned. Schwartz has pointed to the experience of Stellar, where token burns generated only a temporary boost in price. For now, Ripple appears committed to its current XRP escrow strategy, even as calls for change grow louder.
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