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07/23 15:02

XRP Whale Transfers Exceed $1B, Fueling Hopes for

XRP Whale Transfers Exceed $1B, Fueling Hopes for a New Upswing

Whales Re-entering the Market

The XRP network has witnessed a massive surge in whale transfers, with daily on‑chain movements exceeding the $1 billion mark for the first time in over a month. 

Data from XRPScan and TradingView show that the XRP Ledger recorded $1.07 billion in transfer volume, peaking at 1.72 billion XRP exchanged in 2.08 million transactions, as nearly 10,279 addresses interacted in a single day.

Notably whale transfers of more than $1 billion are not only about liquidity redistribution but also coordinated accumulation, shifting network dynamics, and mounting confidence in XRP’s ascent.

Technical & Institutional Tailwinds

XRP’s rebound has been underpinned by strong technical setups, such as double‑bottom breakouts, a bullish MACD crossover, and an emerging Gold Cross all fuelling trader optimism. 

Market analyst Tom Tucker recently noted that XRP had completed a bullish cup-and-handle breakout above $3.40, setting the stage for a potential rally toward $5.27.

On the institutional front, futures open interest surged to a record $11 billion, signaling growing confidence from large-scale investors.

Controlled Supply from Ripple

This explosive whale on‑chain activity follows Ripple’s strategic asset releases. 

Ripple recently unlocked 1 billion XRP, re‑locking 700 million and allocating 300 million for partnerships and liquidity initiatives.This carefully phased unlocking balances supply pressures while supporting ecosystem growth.

Therefore, the convergence of colossal whale transfers, rising on‑chain activity, robust technical markers, institutional involvement, and controlled supply paints a bullish picture for XRP.  

Surpassing $1 billion in daily transfers highlights heightened utility, as well as intensified speculative and strategic accumulation by large investors.


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