On May 9, 2025, a significant movement occurred in the cryptocurrency market as a Ripple-affiliated whale transferred a total of 370 million XRP, valued at approximately $782 million, to unknown wallets. This event coincided with the U.S. Federal Reserve's decision to maintain current interest rates, prompting varied responses across crypto assets.

📊 Market Snapshot

As of the latest data:

  • Current XRP Price: $2.36

  • 24h Range: $2.29 – $2.42

  • 24h Price Change: +0.02165%

XRP's price remains stable above the $2.10 support level, indicating resilience amidst broader market fluctuations.

🐋 Whale Activity Sparks Speculation

Blockchain tracking platform Whale Alert reported two substantial XRP transactions within a short timeframe:

  • 70 million XRP (approximately $148.3 million) transferred between unknown wallets.

  • 300 million XRP (approximately $633.7 million) moved from Ripple to an unidentified wallet.

These transfers have led to speculation about potential internal restructuring or strategic maneuvers by Ripple.

📈 On-Chain Metrics Indicate Growing Institutional Interest

Data from Santiment reveals that holdings of XRP by whales (addresses holding between 1 million and 10 million XRP) have increased to 9.44% of the total supply, up from 8.24% in January. This trend suggests a growing long-term interest from large-scale investors.

🏩 Federal Reserve's Decision and Market Impact

The Federal Reserve's choice to keep interest rates unchanged was anticipated by the market. Chair Jerome Powell indicated that current economic conditions do not support a rate cut. Typically, lower interest rates encourage investment in riskier assets like cryptocurrencies. However, the Fed's decision led to a mixed response in the crypto market, with XRP maintaining its position above key support levels.

🔧 Developments in the XRP Ecosystem

Ondo Finance has announced plans to launch a tokenized U.S. Treasury fund on the XRP Ledger within the next six months. The fund, named Ondo Short-Term U.S. Government Treasuries (OUSG), will utilize Ripple's RLUSD stablecoin for minting and redemption processes. This initiative aims to provide 24/7 access to U.S. government-backed assets via blockchain technology, marking a significant step toward institutional-grade services on the XRP Ledger.

Additionally, Ripple has decided to discontinue its quarterly market reports, citing misuse during legal proceedings, particularly in its case with the SEC. This move ends an eight-year tradition of promoting transparency through regular market updates.

📉 Technical Analysis: XRP Price Outlook

XRP's price stability above $2.10 is noteworthy. Key support zones are identified between $1.60 and $1.80, with secondary support between $1.85 and $2.00. Short-term resistance is observed around $2.40, while major resistance levels are between $2.90 and $3.00. A rounded top pattern near $3.80 suggests recent distribution phases.

Technical indicators present mixed signals. The 50-day Simple Moving Average (SMA) is trending downward and approaching the 200-day SMA. A crossover below could form a "death cross," often associated with potential further price declines.

Disclaimer:

This article is for informational purposes only and does not constitute financial advice or an endorsement of any cryptocurrency, project, or investment strategy. Cryptocurrency investments carry significant risk. Always conduct your own research and consult with a professional financial advisor before making any investment decisions. Coinstages and Binance Square are not responsible for any financial losses incurred from reliance on this information.

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