*XRP Whale Moves $782M as Price Holds Above $2.30
XRP made a quiet splash this week as a Ripple-linked whale moved 370 million XRP—worth around $782 million—to unknown wallets. The transfer happened shortly after the Federal Reserve chose to hold interest rates steady, prompting curiosity across the crypto market.

*Price Holds Steady Despite Macro Uncertainty
As of May 10, XRP is trading at $2.32, bouncing between $2.28 and $2.35. It remains well above the key $2.10 support level, showing resilience while many altcoins face pressure.

*Two Big Transfers, No Clear Answers

Whale Alert reported two large transactions:

- 70 million XRP between unknown wallets

- 300 million XRP moved from a Ripple-linked address

While Ripple hasn’t commented, the size and timing have led to speculation—ranging from internal restructuring to off-market positioning.

*Institutions May Be Accumulating
Santiment data shows that wallets holding 1M–10M XRP now control 9.44% of the total supply—up from 8.24% in January. It’s a clear signal that large investors are gradually building positions.

*Real-World Utility in Progress
Ondo Finance plans to launch a tokenized U.S. Treasury fund (OUSG) on the XRP Ledger, using Ripple’s RLUSD stablecoin. The move could bring 24/7 access to government bonds via blockchain—marking real progress toward institutional adoption.

Ripple also announced it’s ending its quarterly reports after 8 years, citing legal misuse during its SEC case.

*Technical Outlook
Support at $2.10 and $1.85 remains strong. However, a potential death cross looms as the 50-day moving average nears the 200-day. Resistance lies around $2.40 and $3.00.

*Final Take
XRP isn’t exploding—but it’s quietly gaining strength. Between whale moves, institutional buying, and real-world utility, this could be the calm before the next breakout.

#AltcoinSeasonComing #AltcoinTrade #Ripple