XRP Whale Just Moved $782 Million — What’s Going On?
Alright folks, something big just went down in the XRP world, and the whales (big investors) aren’t playing games.
Massive Whale Activity on May 9
A huge XRP whale, reportedly linked to Ripple, moved 370 million XRP — worth approximately $782 million — into unknown wallets. Now the big question: is this just a routine transfer or part of a strategic setup?
XRP Price Holding Strong
Current Price: $2.36
Daily Range: $2.29 – $2.42
Support Level: $2.10 (still intact)
Despite the market shaking a little, XRP stayed steady — no panic, no dump.
Whale Alert Highlights
70 million XRP sent to an unknown wallet
300 million XRP transferred from Ripple to another unknown wallet
This isn’t just pocket change — this could signal internal moves or a major play coming soon.
Zooming Out: Whales Are Accumulating
Data from Santiment shows wallets holding 1–10 million XRP now control 9.44% of the total supply — up from 8.24% in January.
Translation? Smart money is buying, not selling.
Meanwhile, The Fed Played It Safe
The U.S. Federal Reserve left interest rates unchanged. No big reaction in crypto. XRP stayed cool, showing its maturity.
Major Development: Ondo Finance Enters the Scene
Ondo Finance is launching a tokenized U.S. Treasury fund on the XRP Ledger.
It will use Ripple’s stablecoin RLUSD
Offers 24/7 minting & redemption of U.S. government assets
Could bring institutional investors into the XRP ecosystem
That’s real on-chain yield — and it’s a big deal.
Ripple's Latest Move
Ripple will stop releasing quarterly reports. The reason? Too much misinformation during their legal battles. Probably a smart move, for now.
Technical Chart Outlook
Key Support Levels: $2.10, then $1.85 and $1.60
Resistance Levels: $2.40, then $2.90–$3.00
Watch out: A “rounded top” pattern near $3.80 may suggest a future sell-off
A death cross could be forming — where the 50-day MA drops below the 200-day MA. Keep an eye on this.