XRP Whales Spark Rally With Massive $782 Million Transfers
XRP has found itself back in the market limelight, driven largely by two massive whale transactions of 370 million tokens. This movement comes at the same time that on-chain activity is reaching new heights. It not only set off a 5000% price increase, leading to speculation on Ripple’s strategic plans. Interest in the digital asset has appeared, indicated by a surge in trading volume. Many technical indicators suggest a possible rally if major resistance levels are breached.
Whale Activity and Market Response
On May 12, Whale Alert was alerted to two large XRP transfers. XRP worth over $148 million moved from an unknown wallet. One of the transactions included a transfer of 70 million XRP, valued at about $148.3 million.
That second, much larger transaction had 300 million XRP — valued at approximately $633.7 million at the time — moved from a wallet that Ripple controls. These joint transfers, totaling 370 million XRP, have roused speculation about Ripple’s alleged change of strategy.
XRP’s price has reacted positively to these developments. At the time of writing, it is trading at $2.60, which represents a 10.45% raise in the last 24 hours.
On-Chain Activity and Trading Volume Surge
The XRP Ledger has recently experienced a tremendous increase in activity. The first week of May saw over one million on-chain transactions, almost exclusively driven by payment activity.
Increased network usage and whale movements have led to XRP's trading volume substantially increasing over the last week. The trading volume has jumped 61.47% to $7.3 billion, showing solid market demand. XRP’s 24-hour market cap is $2.17 billion.
The source and purpose of these transfers is murky at best. Most are convinced they could signal Ripple’s internal treasury rebalancing or forthcoming with a new big institutional partner.
Technical Indicators and Price Predictions
XRP’s Accumulation/Distribution (A/D) line is consistently rising, now at 74.2 billion. That means investors are still picking up XRP on a regular basis.
Technicals suggest further recovery towards $3.29 once resistances at $2.66 and $2.83 are cleared. Some analysts argue that these large transfers are “usually followed sustained price moves” -www.coinspeaker.com
Priya Kumar
Lead Utility Token Analyst
Priya Kumar is a blockchain analyst dedicated to bringing precise, balanced reporting on utility tokens, launchpad dynamics, and DeFi innovation. She merges academic rigor with real-world insights, and her subtle wit and clarity make advanced crypto topics approachable. Outside of work, Priya enjoys classical Indian music and running local coding workshops.
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