- Ripple moves 300,000,000 XRP at once
- XRP reclaims $2.2
Ripple has continued to pull big XRP moves over the past days, as the new year has seen the broad crypto market turn bullish, with leading cryptocurrencies showing impressive price gains over the past days.
Amid this bullish market condition, a major XRP transfer from Ripple has drawn the attention of the crypto community. The transfer, which was identified by on-chain tracking firm Whale Alert, has many wondering about what the San Francisco–based blockchain firm may be up to.
Ripple moves 300,000,000 XRP at once
Ripple has stunned the crypto market with a massive 300 million XRP transfer on Monday, January 5 as trading activities across the market continue to heighten.
The move has come as XRP has continued to see more upside price move, flipping Bitcoin and Ethereum in daily price gains. Over the last day, Bitcoin and Ethereum have recorded 3.24% and 2.38% price increases respectively, while XRP led with over 6% increase in its price during the same period.
The transfer which was worth over $652 million saw Ripple send the large amount of XRP to an unidentified wallet in a single transfer.
While large transfers like this from Ripple have previously been interpreted as a potential sell attempt, the mysterious nature of its latest transfer makes it more difficult to tell if the firm is only repositioning, or selling its holdings amid the ongoing price surge.
Nonetheless, speculations across the social media suggest that the transfer may have been triggered by Ripple’s recent operational activities, possibly associated with strategic partnerships or internal treasury management.
XRP reclaims $2.2
XRP has continued to see its price surge massively as demand continues to grow across the broad crypto market.
Amid this positive price move, XRP has reclaimed its long lost $2.2 breaking key resistance zones
As the price rally has continued to intensify, holders are confident that the asset could reclaim the $2.5 target in no distant time.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Ripple (XRP) News Today: March 26
Over the past few days, Ripple (XRP) has been at the forefront of a few important developments. These range from news about its institutional adoption, exchange updates, ETF flows, and ongoing price uncertainty.
The following is a concise breakdown of the latest news shaping XRP’s broader
CryptoPotato47m ago
XRP or Stellar (XLM): The One Asset Smart Investors Would Choose
The XRP versus Stellar debate keeps showing up across every corner of the crypto space, and it has reached a point where people feel forced to choose sides. One question dominates the discussion. XRP or XLM. That framing sounds simple, but it hides something deeper that many miss.
A
CaptainAltcoin1h ago
XRP Surpasses BNB Amid Altcoin Crash, BTC Price Dropped by $3K: Market Watch
Bitcoin experienced a decline to just over $66,000 after being rejected at $69,200, influenced by geopolitical tensions. Altcoins, including Ethereum and Solana, also fell, while XRP surpassed BNB in market cap. The total crypto market cap dropped significantly but has since rebounded.
CryptoPotato3h ago
Ripple launches enterprise back-office to manage XRP and fiat, targeting the $13 trillion enterprise digital asset custody systems market
Ripple integrated digital asset functionality into its enterprise treasury management system, Ripple Treasury, introducing “Digital Asset Accounts” and “Unified Treasury,” enabling chief financial officers to manage XRP, RLUSD, and fiat assets at the same time without needing an additional wallet. This innovation is the first treasury management system with built-in digital asset capabilities, and it also plans to expand in the future to cross-border settlements and payments within the group.
動區BlockTempo3h ago
Ripple Thrives, XRP Lags: When Will the Price Catch Up? (ChatGPT Maps Out Breakout Timeline)
Ripple has made the news on numerous occasions in the past month, striking big partnerships or aiming for licenses that will significantly expand its global reach.
However, the altcoin linked to the Ripple ecosystem continues to struggle to stage any meaningful recovery. As such, we decided to
CryptoPotato4h ago
