Major note
- Ripple Labs has transferred more than $ 402 million to an anonymous layer in XRP.
- The firm has a history of transferring XRP for internal liquidity management operation rather than sales.
- The price of XRP remains in the headlines because the $ 2 marks emerges as an important level to see.
Blockchain Payments firm Ripple Labs has shifted 200 million XRP Onchain, attracting the attention of the community.
The transfer occurred as the price of the fourth largest cryptocurrency, which is near the $ 2 mark. In particular, the size of the transaction has raised some questions, especially with legal and market changes.
Ripple large transfer market connects uncertainty
According to Whale Alert’s recent on-chant data, Ripple Labs transacted on 11 April. The price of 200 million XRP was around $ 402.7 million and came to an unknown address from one of its wallets.
ЁЯЪи ЁЯЪи ЁЯЪи ЁЯЪи ЁЯЪи ЁЯЪи ЁЯЪи ЁЯЪи ЁЯЪи ЁЯЪи ЁЯЪи ЁЯЪи 200,000,000 #XRP (402,739,474 USD) #Ripple For unknown wallet
– Whale alert (@whale_alert) April 11, 2025
Shortly after the transaction was executed, it triggled potential celloff speculation in the XRP community. Although the destination wallet was initially unknown, the XRP Explorer Bithamp Data later suggested that the money was redirected to another ripple-linked address.
Previous trends show that Ripple has transferred similar wallets. These were often related to covering operational expenses or distributing tokens to institutional partners. This time, the company has not issued an official statement. However, the size of the transfer states that it can be part of the internal fund management of the ripple.
Some analysts believe that it may be part of the widespread strategy of Ripple Labs, possibly associated with its ongoing legal battle with the US Securities and Exchange Commission. For reference, Ripple Labs recently shut down 700 million XRPs in Escrow after the SEC trial resolved.
Nevertheless, the time matches the first XRP ETF in the United States. In particular, this launch has added speed in the visibility of coins in mainstream financial markets.
XRP price holds land as legal development progress
After the release of ETF, XRP briefly increased by 1%, pushed tokens at $ 2.01 before settling slightly less.
The ripple-linked coin is still trading within a narrow range, with a recent height of $ 2.03 and is around $ 1.93. Despite the instability, it is stable near the $ 2 level, which many investors consider important.
Major events have recently increased the price of XRP. Ripple and SEC are moving towards a resolution, choosing to give up their appeal against the SEC company. With the closure of the appeal, the price of XRP increased to more than 13% $ 2.59.
In an update recently, the Ripple Labs and the US Security Commission filed a joint request with the US Court of Appeals to prevent any appeal obligation. This further enhanced the possibility of an XRP explosion.
According to recent trends, some analysts, including Agrag Crypto, have space to grow in the Think XRP. They believe that if the market follows the same pattern as 2017 or 2021, the price may climb to $ 19 or $ 45. In particular, if bitcoin reaches a new all-time high, this XRP price may give fuel to brakeouts.
Egrag also pointed to the XRP and bitcoin chart, saying that it shows that XRP could prepare for another larger 10x trick. Current Current Consciousness Indication on XRP holding $ 2 support level.
Bitcoin will reach the new ath. #XRP 10X will be minimum
#Alts There will be 10X -50X.Stay stable and concentrated! pic.twitter.com/al2xfmyulj
– Egrag Crypto (@Egragcrypto) March 9, 2025
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Benjamin Godfrey is a blockchain enthusiastic and journalist who writes about the real -life applications of blockchain technology and innovations that are to run general acceptance and integration of emerging technology worldwide. His desire to educate people about cryptocurrency inspires his contribution to the famous blockchain media and sites.
