On May 9, a massive XRP whale linked to Ripple made waves by transferring 370 million XRP (worth $782 million) into unknown wallets. Is this just a move, or part of a larger strategy? Let’s break it down.
Price Update:
Current Price: $2.56
Daily Range: $2.39 - $2.5
Support: $2.5 (holding steady)
Despite market fluctuations, XRP isn’t flinching—it's holding firm.
Whale Activity:
70 million XRP moved to an unknown wallet.
300 million XRP transferred from Ripple to another unknown wallet.
Looks like Ripple's got something brewing behind the scenes. 🧐
Whale Behavior:
Big investors are loading up on XRP—wallets with 1–10 million XRP now control 9.44% of the total supply, a jump from 8.24% in January. This isn’t panic selling—it’s smart buying.
On the Horizon:
Ondo Finance is launching a tokenized U.S. Treasury fund on the XRP Ledger, using Ripple’s RLUSD stablecoin. This could attract major institutional players.
The Chart Says:
2.5694
+2.42%
Support: $2.10 (solid)
Resistance: $2.40 (short-term), then $2.90–$3.00
Warning: Watch out for a potential "rounded top" pattern around $3.80, signaling a possible sell-off. Plus, a death cross may be forming—something to keep an eye on.
Bottom Line:
With whales still loading up and major finance moves on the horizon, XRP is positioned for something big. The question is, is this the calm before the next big explosion? Stay tuned! 🔥
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