At the beginning of 2025, a huge transfer of $XRP
about 500 million units worth more than $1 billion, according to the large-scale transaction tracker Whale Alert. The transfer was a single transaction between unknown addresses, but the Bithomp platform indicates that Ripple was the one who carried out the operation. This is normal because Ripple usually releases large amounts of XRP at the beginning of each month, but there is no confirmation whether this operation is part of the routine procedure or not.
As for the price of XRP, it is currently being sold for $2.42, and its value has increased by 1.26% in the last 24 hours. The market cap of the currency has reached $137 billion, thus surpassing the USDT (Tether) currency.
Looking forward, the outlook is positive for XRP, especially with the possibility of approvals for new investment funds (Spot ETFs) and improved laws supporting digital currencies. Ripple is set to launch its new stablecoin RLUSD by the end of 2024, which could be a step towards strengthening its position in the market.
‼️ 2025 looks like it's on fire 🔥