Whale Ripple Moves $782 Million, XRP Price Ready to Explode?

Jakarta, Pintu News – The latest news on XRP shows that Ripple’s whale investors have moved XRP worth a total of $782 million, which caught the market’s attention.

Two large transactions were recorded, totaling 70 million XRP (worth $148.3 million) and 300 million XRP (worth $633.7 million), which were sent to unknown wallets.

This coincided with the announcement from the US Federal Reserve that interest rates would remain unchanged. Although the prices of a number of crypto assets experienced a small decline, the price of XRP is still holding above its main support level.

Whale Ripple Moves 370 Million XRP Coins

Blockchain tracking platform Whale Alert reported that as many as 370 million XRP tokens have been moved through two large transactions by Ripple’s whale investors. The first transaction involved moving 70 million XRP from one anonymous wallet to another.

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Shortly after, a second transaction took place with the transfer of 300 million XRP directly from Ripple to a similarly unidentified wallet.

These two transactions occurred within the span of an hour and sparked speculation about a possible internal reorganization or strategic move.

At the time of the transaction, the XRP price was recorded slightly above the $2.10 level and remained stable despite the general crypto market weakness after the interest rate announcement by the Federal Reserve.

Based on data from Santiment, the number of XRP holdings by whales holding between 1 million and 10 million XRP increased to 9.44% of the total supply, up from 8.24% in January. This indicates long-term interest from these large investors.

Fed holds interest rate, crypto market gives mixed response

The Federal Reserve decided to maintain its benchmark interest rate, in line with market expectations. Fed Chairman, Jerome Powell, stated that current economic conditions are not yet strong enough to support a rate cut. Following this announcement, the crypto market – including XRP – experienced a slight decline.

Interest rate policy is one of the factors that crypto investors pay close attention to. Lower interest rates generally encourage the flow of funds into higher-risk assets such as cryptocurrencies, as borrowing costs become cheaper and traditional savings methods become less attractive.

Conversely, when interest rates remain unchanged, the potential flow of new funds into the crypto market could slow down.

However, the resilience of the XRP price above $2.10 suggests that Ripple whales and other large holders are likely building long-term positions, rather than reacting to short-term economic dynamics.

XRP Ledger Progress: Ondo Finance Ready to Launch Tokenized Treasury Funds

The latest development from XRP comes from Ondo Finance which announced its plans to launch a tokenized United States Treasury fund on the XRP Ledger network.

The product, called Ondo Short-Term U.S. Government Treasuries (OUSG), is scheduled to be launched within the next six months.

Read also: Revolutionizing banking, Ripple gets Morgan Stanley’s blessing to replace SWIFT!

The fund will use Ripple’s RLUSD stablecoin for token minting and redemption. The initiative aims to provide 24-hour non-stop access to US government assets powered by blockchain, reflecting a step forward towards institutional-scale services on the XRP Ledger.

On the other hand, Ripple also confirmed that it will stop publishing quarterly market reports. This decision was taken because the reports were deemed to have been misused in legal proceedings, especially during the case with the SEC.

This termination also ends Ripple’s eight-year tradition of promoting transparency through regular market reports.

XRP Price Technical Outlook amid Ripple’s Whale Movement

The current XRP price is still holding above the $2.10 support level. Although the market movement is relatively slow, this level is an important foothold for potential price increases.

Technically, the chart shows the primary support zone to be in the range of $1.60 to $1.80, as well as the secondary support zone between $1.85 to $2.00 – these two areas are of major concern to traders.

On the short-term resistance side, important levels are around $2.40, while major resistance is in the range of $2.90 to $3.00. The chart also shows a rounded top pattern around $3.80, signaling a recent distribution phase in XRP.

Some market observers expect prices to test the $1.85-$2.00 area again before experiencing a potential rebound.

Meanwhile, technical indicators are showing mixed signals. The 50-day simple moving average (50-day SMA) is currently moving down and getting closer to the 200-day SMA.

If these two lines cross each other downwards, a bearish pattern known as a death cross may form – often associated with further downward pressure on prices.

That’s the latest information about crypto. Follow us on Google News to stay up-to-date on the world of crypto and blockchain technology.

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*Disclaimer

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 have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. XRP News: Ripple Whales Moves $782M as Fed Leaves Rate Unchanged. Accessed on May 9, 2025