Ripple (XRP) Moves $1.1 Billion, What Happened?

Jakarta, Pintu News – In early May, Ripple (XRP) showed significant activity with large crypto fund transfers. Data from Whale Alert showed that Ripple had moved around 500 million Ripple (XRP) worth $1.1 billion in just a few minutes. The move was made between the company’s internal wallets, rather than to an external wallet. This activity has led to various speculations and analysis from crypto experts.

Details of Large Fund Transfer by Ripple

Ripple has moved a large amount of Ripple (XRP) from its internal wallet. This is not a transaction to an external party, but rather a redistribution of assets within Ripple’s internal financial structure. Following this transfer, Ripple locked back a portion of the coins, totaling 700 million Ripple (XRP) out of the 1 billion received. This move may be part of an asset management strategy to stabilize the value of their digital currency.

In addition, there were reports that Ripple bid to buy USDC stablecoin issuer Circle with an offer between $4 billion and $5 billion, but it was rejected. Despite having its own stablecoin, RLUSD, which recently surpassed the $300 million market capitalization milestone, Ripple still seems to be looking to expand its influence in the stablecoin market.

Also Read: XRP Surges to $2.32: Can it Survive Crypto Whale Selling Pressure?

Ripple (XRP) Price Analysis in Early May

According to crypto analysts, CasiTrades, Ripple (XRP) started forming a downward wave after failing to hold above the $2.25 price level. The analyst stated that wave B has already occurred, and the market is likely to witness a wave C move towards $2. If this last leg takes place with momentum, there is a high probability that Ripple (XRP) will drop near $1.90.

The Relative Strength Index (RSI) of the Ripple (XRP) price is showing signs of exhaustion on the lower time frames, which suggests that this price correction will not last long. Despite the decline, the long-term outlook for Ripple’s native cryptocurrency remains unchanged with price targets at $2.68, $3, and higher after a clean breakout.

Ripple’s Future Prospects and Strategies

Ripple continues to show initiative in developing their crypto ecosystem with various strategies. Major fund raisings and acquisition attempts show Ripple’s ambition to strengthen their position in the global crypto market. Despite facing challenges, such as the rejection of acquisition offers, Ripple shows no signs of slowing down in innovation or expansion.

Their RLUSD stablecoin has also shown significant growth, reflecting the market’s confidence in Ripple’s products. With the right strategy and effective asset management, Ripple has the potential to continue to grow and play a bigger role in the global crypto ecosystem.

Conclusion

With the various strategic moves taken by Ripple, the crypto market continues to show interesting dynamics. Large fund transfers and expansion plans through acquisitions show that Ripple is not only focused on developing technology, but also on increasing their influence in the global market. Investors and market watchers will keep a close eye on Ripple’s next move.

Also Read: Is Bitcoin Miner’s Sales Hold a Good Sign?

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Coingape. Ripple Moves 1.1 Billion XRP, What Is Going On?. Accessed on May 2, 2025
• Featured Image: Coingape