Something massive just stirred the XRP waters—and the whales are making power plays.
On May 9, a Ripple-linked mega whale transferred 370 million XRP (valued around $782 million) into a pair of unknown wallets. Just routine reshuffling? Or are we watching high-level strategy unfold?
Let’s dive in.
XRP Market? Still Zen.
Despite the move, XRP’s price barely flinched:
Current price: $2.36
Daily range: $2.29 – $2.42
Support level: Holding steady above $2.10
In short? XRP shrugged it off. No panic. No moon. Just steady.
Whale Alert Went Off:
70M XRP → unknown wallet
300M XRP → Ripple wallet → unknown destination
These aren’t random transactions. The scale suggests deliberate action—possibly internal repositioning or setting up for something bigger.
Whales Are Accumulating
According to Santiment, wallets holding 1M–10M XRP now control 9.44% of the total supply, up from 8.24% in January. Translation? Smart money is stacking, not selling.
Macro Moves: The Fed & Ondo
Jerome Powell held rates steady—no surprises. But crypto stayed neutral. XRP didn’t rally, but didn’t tank either. Just… chilled.
Meanwhile, Ondo Finance announced plans to launch a tokenized U.S. Treasury fund on the$XRP Ledger, using Ripple’s RLUSD stablecoin for minting/redemptions. That’s a major nod to institutional interest and real-world asset integration.
Ripple Pulls Back on Reports
Ripple's done publishing quarterly reports—citing too much misinterpretation during their ongoing legal battles. Strategic silence? Likely.
Chart Watch:
Support: $2.10, with fallback zones at $1.85 and $1.60
Resistance: $2.40 short-term; watch for a push to $2.90–$3.00
Heads-up: A rounded top near $3.80 looks suspiciously like a whale distribution pattern.
Technical signal: A death cross is brewing (50-day SMA dipping under the 200-day)—a classic caution flag.
Final Take:
XRP whales just flexed big time. Institutional moves are lining up. On-chain signals say smart money is buying. Even with a possible short-term correction, the fundamentals are firm.
Is this just the calm before XRP’s next breakout?
Eyes open. The tide’s shifting.