The XRP market has seen notable activity after a massive purchase by a whale sparked discussions about a potential increase. According to Kenny Nguyen's post on X, a whale acquired 57,304,617 XRP, worth approximately $127.7 million, just three hours before the announcement.
This massive transaction has fueled speculation about a potential significant rise in XRP's price. Typically, transferring such large amounts to private wallets indicates an intention to hold them long-term rather than sell immediately.
Market analysts are closely monitoring the wallet as it may indicate further movements.
XRP has seen a slight price increase following the recent transaction. The Ripple-backed coin maintains its market position at $2.22, after improving its value by 1.43% since yesterday, according to CoinMarketCap statistics.
Read also: Bitcoin surpasses $94,000 as Tether, BNB, and Solana prices decline
However, despite the price increase, XRP trading volume fell by more than 17 percent during the same period, indicating a slowdown in spot trading activity.
In addition to the positive price shift, XRP remained within a narrow trading range between $2.18 and $2.22 throughout April 25, 2025. This limited price movement suggests that investors are waiting to see if whale activity will lead to broader market momentum.
Another whale movement adds to market buzz
In a related development, a significant second transfer of XRP occurred a day prior. More than 29.5 million XRP, valued at approximately $65.35 million, was moved from an unknown wallet to Coinbase, the largest U.S. cryptocurrency exchange.
The timing of both major transactions comes during a period where Ripple Labs is making positive progress in its legal battle with the U.S. Securities and Exchange Commission.
Additionally, the increasing reliance on XRP for cross-border payment solutions continues to bolster its position in the digital asset space.
Market observers believe that these large movements in whale prices may indicate increased confidence among major XRP holders. Nevertheless, the overall market reaction remains uncertain, as traders continue to monitor the situation closely.
The transfer of $128 million worth of XRP in a single day has generated widespread anticipation within the cryptocurrency community. While the XRP price shows early signs of momentum, continued whale activity will be a key factor in determining whether the market will experience a comprehensive rise.
#لا_إله_إلا_أنت_سبحانك_اني_كنت_من_الظالمين
#استغفر_الله_العظيم_وأتوب_إليه