$XRP Major Whale Activity on May 9:

A Ripple-linked wallet transferred 370 million XRP (around $782 million) into undisclosed wallets:

• 70 million $XRP to a private wallet

• 300 million XRP from Ripple to another unidentified address

This sizable move suggests strategic positioning—potentially institutional or internal realignment.

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Market Response & Key Levels:

Despite the transfer, remained stable:

• Support: $2.10 (solid), next: $1.85, $1.60

• Resistance: $2.40 (short-term), $2.90–$3.00 (major)

• Watch for: Potential death cross (50-day SMA nearing 200-day SMA)

Price remains steady, showing strength above key support zones.

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Whale Accumulation Rising:

Santiment data shows wallets with 1M–10M XRP now hold 9.44% of supply, up from 8.24% in January—clear evidence of growing accumulation by large holders.

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Ecosystem & Macro Updates:

• Fed Decision: Interest rates unchanged—crypto mostly unfazed

• Ondo Finance: Launching a tokenized U.S. Treasury fund on the XRP Ledger using RLUSD, Ripple’s stablecoin

• Ripple’s Move: Quarterly reports halted amid legal concerns over public interpretation