🚨Massive whale movement! $780 million XRP transferred, calm before the storm?
On May 9, a super whale associated with Ripple suddenly transferred **370 million XRP (worth approximately $780 million)** to a mysterious wallet, igniting market speculation: is this just a normal transfer or a strategic deployment?
📈 Current market brief:
Current price: $2.56
Daily fluctuation: $2.39 - $2.50
Strong support at $2.50
🧐 Why are whales frequently making moves?
70 million XRP flowed into a new address
Ripple additionally transferred 300 million XRP
Surge in holdings: wallets holding 1–10 million XRP increased from 8.24% in January to 9.44% now
This is not an escape, but a planned accumulation!
🏦 Potential catalysts:
Ondo Finance will launch a tokenized U.S. Treasury fund on the XRP ledger, paired with Ripple's RLUSD stablecoin, which may attract large institutions.
📊 Technical analysis:
Strong support: $2.10
Resistance zone: $2.90–$3.00
Be cautious of a potential “top” pattern at $3.80 and death cross signal
✅ Conclusion:
Whales are increasing their positions, major financial projects are set to launch, and XRP may be on the brink of a new surge. The next step is a leap or a pullback? Stay tuned!