$XRP
President Donald Trump is acquiring XRP and HBAR tokens.
RIPPLE XRP WHALE TRANSFERS SPARK INVESTOR INTREST AS PRICE SURGE.
surged above $2 as whales transferred 90M tokens worth $202.5M to unknown wallets in 30 minutes.Ripple launched RLUSD stablecoin, boosting XRP’s utility and drawing institutional attention.
Whale transfers to non-exchange wallets suggest long-term accumulation of XRP, sparking bullish market speculation.
XRP recently held the $2 support floor, driven by significant whale transactions. According to the blockchain observer Whale Alert, 90 million XRP tokens worth about $202.5 million were moved to unidentified wallets in a single day.
These transfers comprised two big transfers. The first was 50 million XRP, valued at $112,500, transferred to a newly created address. In the second transfer, 40 million XRP ($90 million) were transferred to another newly created wallet address.
The recent whale activity correlates with Ripple’s spectacular growth, which has expanded four times since November 5. XRP is priced at $2.25, up 0.35% on the last day. Considering the current state of the market, XRP is one of the standout performers, and it has a YTD gain of 266%.
Market analysts note that transfers to other unidentified wallets usually signify accumulation plans. Such movements usually mean movement to a cold wallet, demonstrating less selling pressure, which is positive for the price action. As noted by Scott Melker, a hedge fund manager, the sustained buying is supplemented by reports that former U.S.
Ripple has also been associated with constant innovation as a company. On December 17, Ripple introduced the Ripple USD (RLUSD), an enterprise-grade, fully-backed U.S. dollar stablecoin on the XRP Ledger.
The Awesome Oscillator suggests that the possibility of a bullish divergence has been identified, but further accumulation will be required for momentum to increase. The Key support is $2.20, while the possible resistance levels are $3.62 and $4.30. Prices will likely rise towards $5.73.