Key notes
- Two transfers of whales totaling 370 m of the speculation of the XRP spark of the strategic gap of Ripple.
- XRP jumped by 10.45% while the negotiation volume reached $ 7.3 billion.
- The techniques suggest a gathering to $ 3.29 if the resistance at $ 2.66 and $ 2.83 is broken.
The XRP
Xrp
$ 2.22
24h volatility:
0.8%
COURTIC CAPESSION:
$ 129.99 B
Flight. 24 hours:
$ 2.17 B
The market attended a renewed momentum following two massive whale transactions totaling 370 million tokens, in parallel with an increase in chain activity on the large XRP book.
According to XRPSCAN data, the first week of May saw more than a million chain transactions, mainly driven by payment activity.
Meanwhile, XRP is negotiated at $ 2.60, up 10.45% in the last 24 hours, while the negotiation volume for digital assets has climbed 61.47% to $ 7.3 billion, which suggests increased demand for market players.
Whale transfers report strategic positioning
On May 12, Blockchain Tracker Whale Alert reported two significant XRP transfers. The first included 70 million XRP, valued at around $ 148.3 million, sent from an unknown portfolio.
The second, a much larger transaction of 300 million XRP, worth around 633.7 million dollars, came from a portfolio controlled by undulations and was sent to another unidentified address.
🚨 🚨 🚨 🚨 🚨 70,000,000 #Xrp (148 344 877 USD) transferred from the unknown portfolio to the unknown portfolio
– Whale alert (@whale_alert) May 7, 2025
Although the origin and intention of these transfers remain vague, many in the community think that they can represent the rebalancing of the internal treasure of Ripple or the preparations for a major institutional partnership.
These movements came while XRP dropped slightly at $ 2.12 before quickly reaching a daily top of $ 2.64. The token has shown impressive resilience despite large -scale transfers.
Technical indicators paint a bullish painting
Depending on the graph below, XRP aims to push over the level of retracement of 0.786 FIBONACCI at $ 2.66, a key resistance area.
The next price objective, based on the Fibonacci extension, is at 1.618 around $ 3.29. This aligns on the previous major summit of $ 2.83, indicating a possible retest or even an escape if the momentum is maintained.
XRP daily table with RSI, MacD and FIB levels | Source: tradingView
The MacD indicator shows that the MacD line has crossed above the signal line, the two trends up, indicating the bullish momentum. The histogram also increases positively, strengthening the trend continuation story.
On the other hand, the RSI approaches the excessive area, currently seated nearly 69.4. Although this indicates strong purchase pressure, this also justifies caution because the assets could be overheated if it crosses 70 without correction.
Accumulation continues despite volatility
Accumulation / distribution (A / D) of support support in the table below.
The A / D line climbs regularly and currently reads 74.2 billion, which suggests that investors continue to accumulate XRP even if prices fluctuate.
This divergence between price volatility and accumulation is often a precursor of a rally in small groups, because it reflects the underlying confidence in the long-term potential of the assets.
Line XRP A / D and BOP | Source: tradingView
The indicator of the balance of powers (BOP) is 0.73, in the depths of positive territory, which means that buyers clearly control the market.
Historically, a BOP reading this high has often preceded supported price movements, adding weight to the possibility that XRP disputes its next resistance zone almost $ 2.83 and ends up pushing around $ 3.29.
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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.
Cryptographic journalist with more than 5 years of experience in the industry, Parth has worked with the main media in the world of crypto and finance, the collection of experience and expertise in space after having survived bear markets and bulls over the years. STHTH is also an author of 4 self-published books.
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