Ripple Shakes the Crypto World: The Big Secret Behind the $1.1 Billion XRP Transfer!

On May 1st, Ripple stirred the market again by transferring over $1.1 billion worth of XRP, a transaction marked by Whale Alert that got investors' hearts racing. But hold on! On-chain data reveals that this XRP was not transferred to external wallets but is part of Ripple's monthly unlocking of escrow accounts.

Lock-up Controversy Calms Down: 700 Million XRP Have Been Relocked

As Ripple has relocked 700 million of the 1 billion XRP that were unlocked, concerns about a massive sell-off have been effectively alleviated. The company has locked in 170 million and 30 million XRP through two transactions, stabilizing market sentiment.

XRP Price Bullish, $2.25 is Key!

Analyst CasiTrades points out that XRP is currently facing an important test at $2.25, and a pullback to $1.90 is expected in the short term before a strong rebound. She predicts that XRP will break through $2.25 and further rise to $2.68, $3, or even higher.

With Ripple's potential expansion and significant moves in the stablecoin space, the market is full of expectations for XRP's future trajectory!