XRP’s price has shown recent volatility, with significant whale activity driving market movements. On-chain data highlights a surge in large transactions, indicating strategic accumulation by institutional players. Here’s a breakdown of key developments and what they mean for XRP’s future.
$915 Million in XRP Acquired by Whales
Over the past week, whales purchased 420 million XRP tokens (valued at $915 million), signaling strong institutional confidence. Despite this, retail interest remains tepid, as new wallet creations hit a two-month low.
Key Observations:
- 108 million XRP traded in one hour during a recent 6% price surge.
- Whale activity spiked alongside the rally, with XRP stabilizing at $2.23 due to sustained buying pressure.
Major Whale Transactions
Recent on-chain movements reveal strategic positioning:
- June 18: Ripple transferred 200 million XRP ($439 million) to an unknown wallet, likely for institutional use.
- June 12–19: Three large dumps totaling 80 million XRP ($175 million) were sent to Coinbase, possibly for profit-taking.
- Earlier, 230 million XRP moved from Ripple to an unknown wallet, alongside 50 million XRP exchanged between private wallets.
👉 Track live whale transactions for real-time insights.
XRP Price Analysis: Breakout Potential
XRP currently trades at $2.18** (up 3.6% in 24 hours), with critical resistance at **$2.20. A sustained hold above this level could signal upward momentum, while rejection may retest support at $2.05–$2.10.
Technical Indicators:
- Short-term EMAs show bullish trends.
- MACD hints at mild upward momentum.
- Long-term SMAs (50, 100, 200) still pose resistance.
Network Growth:
- Daily active addresses surged 442.7% to 181,000.
- Wallets holding 1+ million XRP reached a record 2,850.
FAQs
Why is XRP’s price rising?
The uptick reflects whale accumulation, increased network activity, and optimism around the Ripple-SEC lawsuit resolution, which may accelerate XRP-spot ETF approvals.
What’s XRP’s price prediction for 2025?
Estimates vary:
- Conservative: $2.50–$6.
- Bullish: $8–$15, or even $20–$30 if ETFs gain traction.
Is XRP a good investment?
XRP suits those comfortable with volatility. Its cross-border payment utility and institutional interest are strengths, but competition and regulatory risks persist. Always research thoroughly.
👉 Explore XRP trading strategies to capitalize on market trends.
Note: This analysis avoids price guarantees and emphasizes data-driven trends.
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