Key notes
- Ripple Labs moved more than $ 402 million in XRP to anonymous wallets.
- The company has a history of XRP travel for internal liquidity management operations rather than sales.
- The XRP price remains under the spotlight while the $ 2 brand appears as a crucial level to look at.
The blockchain payment company, Ripple Labs, moved 200 million XRP Onchain, attracting the attention of the community.
The transfer occurred while the price of the fourth largest cryptocurrency plan plane near the $ 2 mark. In particular, the size of the transaction has raised certain questions, in particular with legal and market changes taking place simultaneously.
Ripple Large Transfer adds to the uncertainty of the market
According to recent data on Whale Alert, Ripple Labs carried out the transaction on April 11. The 200 million XRPs were estimated at around 402.7 million dollars and came from one of its portfolios at an unknown address.
🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 200,000,000 #Xrp (402,739,474 USD) transferred from #Ripple to an unknown wallet
– Whale alert (@whale_alert) April 11, 2025
Shortly after the execution of the transaction, he sparked possible sales speculation in the XRP community. Although the destination portfolio was initially unknown, the Bithump Explorer XRP data later suggested that the funds were redirected to another address linked to the undulation.
Past trends show that Ripple has made similar wallet transfers. These were often linked to the coverage of operational expenses or to the distribution of tokens to institutional partners. This time, the company did not publish an official declaration. However, the size of the transfer suggests that it could be part of the management of the internal funds of Ripple.
Some analysts believe that this could be part of the broader Ripple Labs strategy, potentially linked to its current legal battle with the American Securities and Exchange Commission. For the context, Ripple Labs recently locked 700 million XRP in sequestration following the resolution of the SEC trial.
However, timing coincides with the recent beginnings of the first ETF XRP in the United States. In particular, this launch has added to the visibility of the part on the traditional financial markets.
The XRP price holds land as legal developments are progressing
XRP briefly increased by 1% after the release of the ETF, pushing the $ 2.01 token before setting up slightly lower.
The ripple part is still negotiated in a narrow range, with recent summits of $ 2.03 and $ 1.93 stockings. Despite volatility, it holds stable near the $ 2 level, which many investors consider important.
Key events have reinforced the price of XRP in recent times. Ripple and the SEC are heading for a resolution, the SEC choosing to delete its call against the company. The call fence increased the price of XRP by more than 13% to $ 2.59.
In a recent update, Ripple Labs and the US Security Commission made a joint request to the American Court of Appeal to suspend any obligation to appeal. This has further increased the chances of an XRP explosion.
In accordance with recent trends, some analysts, including Egrag Crypto, think that XRP has room to develop. They believe that if the market follows the same pattern in 2017 or 2021, the price could increase to $ 19, even $ 45. More specifically, if Bitcoin reaches a new summit of all time, it can feed the price break from XRP.
Egrag also underlined Table XRP and Bitcoin, saying that it shows signs that XRP could prepare for another big 10x movement. Current consensus advice on XRP maintain the $ 2 support level.
Bitcoin will reach a new Ath. #Xrp will be 10x minimum
#Alts Will 10x-50x.Stay stable and focused! pic.twitter.com/al2xfmyulj
– Egrag Crypto (@egragcrypto) March 9, 2025
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Benjamin Godfrey is a blockchain enthusiast and a journalist who savor the writing of actual applications for blockchain technology and innovations to stimulate general acceptance and global integration of emerging technology. His desire to educate people on cryptocurrencies inspires his contributions to renowned media and blockchain sites.
