On-chain data shows that 90 million XRP was transferred between two wallets, sparking speculation about its potential impact on cryptocurrency prices.

Amidst the recent high volatility in the cryptocurrency market, whales have decided to transfer 90 million XRP, sparking a frenzy. On Thursday, whale data indicated that approximately $200 million worth of cryptocurrency was transferred between unknown wallets. Consequently, market observers are closely monitoring the future price movements of the token, which, according to whale trades and other on-chain dynamics, suggests it could reach historical highs next year.

90 million XRP transferred raises speculation

90 million XRP was transferred from an unknown address rJBRiw.. to rDzNXR, becoming the focus of the entire community. According to data, this transaction marks the transfer of cryptocurrency worth approximately $195.16 million, drawing significant attention. This latest XRP news has sparked widespread speculation in the market.

However, many believe that the latest move is simply a transfer between exchanges. Notably, this transaction occurred against a backdrop of high volatility in the cryptocurrency market, causing investor concerns over asset prices and sparking intense discussions among market participants. Nevertheless, other on-chain statistics suggest that despite recent fluctuations, XRP may further rise in the future.

A recent report from CoinGape indicates that the XRP price may reach new highs in 2025, primarily due to a multitude of bullish factors. In particular, with the increasing number of whales, rising market optimism due to expectations for an XRP ETF launch, and speculation about the conclusion of Ripple's case with the SEC, the token reflects a bullish outlook for its long-term prospects.

Is the XRP ETF closer than most people think?

If the appeal is dismissed, regulators could clarify the security status of XRP and accelerate its chances of ETF approval. So far, the agency has only approved Bitcoin and Ethereum ETFs, as they are not considered securities.

However, the market still hopes that several altcoin ETFs can be approved in 2025.

Currently, companies such as Bitwise, Canary Capital, Wisdom Tree, and 21Shares have submitted applications for a U.S. spot XRP ETF to the SEC.

In fact, as of the time of writing, prediction websites estimate a 75% chance of an XRP ETF emerging by 2025.

Even the current market positioning suggests that XRP holders expect an additional rebound, possibly driven by the potential approval of an ETF.

The number of tokens held by South Korea's Upbit, which has the largest XRP holdings, has decreased from 6.6 billion to 6 billion. This indicates that despite the XRP price surging 465% in November, users still chose to hold onto the tokens.

Interestingly, this contrasts with the 100% rise in July, when Upbit's reserves increased from 1.6 billion to 6.7 billion tokens, resulting in a 300% surge in selling pressure.

In short, XRP holders may be waiting for ETF results or the anticipated altcoin season in 2025. Experts predict that ETF approval could push XRP above $5, making the wait potentially worthwhile.

Is the XRP price expected to rise?

Given the latest XRP news, Ripple's token is expected to achieve remarkable growth by 2025. However, the XRP price has fallen nearly 4% today, consistent with the recently turbulent market. Its intraday low and high were $2.16 and $2.31, respectively.



Nevertheless, CoinGape's recent analysis of XRP prices indicates that due to Binance setting a new high for XRP trading volume, the target price for the token is $4. This bullish prediction aligns further with the aforementioned XRP news, reflecting optimism for the cryptocurrency landscape in 2025.

Additionally, it is worth mentioning that the 1 billion XRP held in escrow by a major U.S. blockchain payment giant is set to be unlocked on January 1. Market observers are keeping an eye on the token, as this unlocking could impact prices amidst recent market trends.

In summary

Whale data shows that 90 million XRP was transferred between unknown wallets.

Against the backdrop of overall high volatility in the industry, this transaction has sparked speculation about the asset's future trajectory.

Due to a generally sluggish market, the XRP price has fallen more than 4% today.