Key notes
- Ripple Labs has moved 700 million XRP to three transactions.
- The price of XRP has dropped sharply, falling below the $ 3 mark in the middle of a general slowdown in the market.
- Two previous transfers suggest more activity related to the ripple’s entire strategy.
Ripple Labs locked 700,000,000 XRP in sequestration after the price of the part fell below the $ 3 mark. This occurred on August 2 and was reported by Whale Alert, a platform known to follow large cryptocurrency transactions. This decision occurred at a time when XRP was already struggling on the market.
Ripple moves more than $ 2 billion from XRP to three transfers
According to the update, Ripple has made three major transactions, moving a total of 700 million XRP in the whole. The amounts were 100 million XRP, 500 million XRP and 100 million XRP.
In value in dollars, they were worth $ 296.4 million, $ 1.48 billion and $ 296.1 million, respectively. In total, this represents more than $ 2 billion in locked value.
🔒 🔒 🔒 🔒 🔒 🔒 🔒 🔒 🔒 🔒 500,000,000 #Xrp (1,480,487,661 USD) Located in sequestration #Ripple
– Whale alert (@whale_alert) August 2, 2025
Normally, Ripple unlocks 1 billion XRP at the start of each month and returns later in most of it in the whole, generally around 800 million. This time, the action took place on the second day of the month instead of the first. The change in synchronization is not new, because Ripple has sometimes delayed this routine in recent months.
Before this major locking, Whale Alert also noticed two other large XRP transfers, one of the 200 million XRP and another of 300 million XRP. These came from an unknown wallet and went directly to Ripple. These previous movements are supposed to be part of the regular activity linked to the entire Ripple.
It should be mentioned that the Ripple’s entire system is not new. In July, Coinspeaker indicated that Ripple had locked 400,000,000 XRP in full. This process is used to manage the XRP flow and control the quantity between the market at the same time. By locking large quantities, Ripple helps reduce the sudden excess, which could affect the price even more. This system has been in place since 2017.
XRP prices slide below $ 3 after Update of Fed’s interest rate
The recent drop in XRP is linked to the news of the American federal reserve. On July 30, the Fed announced that interest rates would remain the same at the moment. This led to a drop in the price of bitcoin, and other parts, including XRP, followed the same path.
Since then, XRP has dropped by more than 10%, from $ 3.32 to as low as $ 2.98. Only Friday, the room lost 4.2%. He tried to bounce back with an increase of 3.35% but fell again by 1.28%. While XRP continues noStive, Coinspeaker reported that the best analysts like Javon Marks remain optimistic during an XRP price rally at $ 4.80.
At the time of writing the editorial staff, XRP is at a price of $ 2.94, down 2.01% in 24 hours. The latest Ripple’s entire action could help limit the offer and bring a certain balance. However, for the moment, the market remains cautious and the XRP holders are carefully watching to see what is happening next.
In related news, Coinspeaker noted that Bloomberg analyst Eric Balchunas said that ETF XRP could be approved in September or October. He maintains that the chances of approval at the beginning of fall remain 85%.
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Non-liability clause: Coinspeaker undertakes to provide impartial and transparent reports. This article aims to provide precise and timely information, but should not be considered as financial or investment advice. Since market conditions can change quickly, we encourage you to check the information for yourself and consult a professional before making decisions according to this content.
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.
