Just as the market gradually restores confidence and Bitcoin approaches high levels again, a quiet on-chain transfer has once again pushed XRP to the forefront—an XRP transfer operation worth as much as $782 million, suspected to be related to Ripple officials, directly ignited the market's nerves.
This whale-level action is not an isolated event. **On-chain tracking platform data shows that in the past month, XRP on-chain whale holdings have significantly increased, accumulating over 880 million XRP, with a total value exceeding $2.1 billion.** What signals are hidden behind this 'large holder quietly building positions'? What kind of counterattack logic is XRP staging?
Technical + sentiment: From silence to restlessness, XRP quietly returns to the stage.
In early 2025, Ripple will face a 'breakthrough' event: the long-standing legal dispute with the U.S. SEC finally comes to an end. According to the settlement agreement announced in March, Ripple will pay a $50 million fine, and the remaining $75 million will be returned, marking the end of more than four years of regulatory uncertainty.
This not only 'unbindings' XRP's price but also means that XRP has regained a legal and compliant circulation foundation, creating psychological space for large funds to enter the market.
At the same time, the ecosystem of XRP Ledger is beginning to shift from niche developers to institutional levels: In January, Ondo Finance launched a U.S. Treasury tokenization product on the XRP Ledger, marking that the chain has begun to be included in mainstream asset tokenization infrastructure options.
Ripple is attempting to upgrade itself from a simple cross-border payment solution to a key channel in the global financial chain.
Technical aspect: $2.5 becomes key resistance, 'whale suction' bets on a $3 breakout.
From the K-line chart and on-chain sentiment analysis, XRP has recently completed an initial volume surge:
In early May, XRP rose from the $2.1 area to $2.47, reaching a new high since March;
Accompanied by a large amount of long-term positions locked up, there is a willingness to attack again after a short-term consolidation;
RSI remains around 62, indicating that the market has not yet entered a seriously overbought zone, but is also in a relatively strong position.
Currently, the key resistance level is concentrated around $2.5. Once a breakout occurs, it will directly target the March high of $2.94 and even the psychological round number of $3. Conversely, if there is a pullback, $2.3 will be the first support level, followed by the $2.2 area where the 30-day moving average is located.
In other words, XRP is standing at an important watershed.
Can XRP outperform the market? Whale behavior + institutional movements build a medium to long-term logic.
Many investors still remember XRP's glorious days when it once ranked in the top three, but in recent years, 'entangled in lawsuits + ecological lag' has kept it away from mainstream narratives. Now, the shackles that constrained XRP are being unlocked one by one:
Legal risks have been phased out, and the probability of trading platforms reopening XRP trading pairs has greatly increased;
Institutional interest in XRP Ledger applications is rising, giving it a higher role as infrastructure;
Driven by the trend of crypto ETFs, the concept of an XRP spot ETF is starting to heat up. If the SEC's stance softens, it will be an important driving factor for the price.
Whale dominance in buying, and an increase in concentration of chips, is conducive to forming a more stable bottom structure.
It is worth noting that XRP is still 58% away from its historical high of $3.84, and given the current market capitalization and institutional inflow trends, this target is not out of reach.
On-chain depth from the perspective of Mlion.ai: XRP trading behavior has been layered.
From the on-chain analysis data of the Mlion.ai platform, we can observe several obvious trends:
The cumulative buying behavior of whale addresses (single transaction amounts exceeding $5 million) is significantly higher than the same period last year, concentrated when the coin price drops below $2.2 each time;
The proportion of short-term holders (SOPR<1) has decreased, indicating that the amount of floating loss chips has reduced, making the market structure more robust;
The number of active addresses has not seen explosive growth, indicating that the current upward trend is more due to low-frequency high-value institutional trading, rather than retail speculation.
This series of data confirms the uniqueness of the current XRP price movement—not a hot speculative surge, but a 'slow bull market during the institutional accumulation period.'
This has implications for investors: there may be volatility in the short term, but the upward potential in the medium to long term is gradually being released, with the core variables being the rhythm and inflow patterns of off-exchange funds.
Conclusion: Before the next explosive point arrives, XRP may have already completed the reconstruction of its positions.
Whales are on the move, regulation has reconciled, and infrastructure is quietly upgrading. This round of XRP's rise is not just a short-term hype of market sentiment, but possibly a prelude to a 'medium to long-term value reassessment.'
Mlion.ai will continue to track on-chain capital flows, changes in token concentration, institutional on-chain deployment behaviors, and other core indicators to help users determine whether the 'invisible leaders' of the potential bull market have emerged.
Special reminder:
If you want to grasp similar whale trading data in advance, understand market context, and build your own investment research system, you can pay attention to the 'On-chain Behavior Analysis', 'Coin Abnormal Movement Tracking', and 'AI Investment Research Dashboard' functions in the Mlion.ai platform to provide comprehensive data support for your judgments.
Disclaimer: The above content is for information sharing only and does not constitute any investment advice!
