2-5-2025 – Ripple has executed a monumental transfer of XRP, valued at over $1.1 billion, on the first of May. This colossal movement, detected by the vigilant Whale Alert, involved 500 million XRP shifting seamlessly between Ripple’s internal wallets. On-chain analysis swiftly clarified that this was not an external transfer but part of Ripple’s routine monthly escrow release, dispelling initial speculation.
Of the 1 billion XRP freed from escrow, Ripple prudently secured 700 million back into its reserves, a move that calmed fears of a potential market flood. The relocking occurred in three distinct tranches: an initial 500 million, followed by 170 million, and a final 30 million. This strategic handling underscores Ripple’s cautious approach to market dynamics.
Meanwhile, Ripple’s ambitions in the stablecoin arena have drawn attention. Reports surfaced that the company proposed a $4–5 billion acquisition of Circle, the issuer of USDC. Circle, however, rebuffed the offer, deeming it insufficient. Ripple, undeterred, continues to advance its own stablecoin, RLUSD, which has already achieved a market capitalisation exceeding $300 million.
On the market front, XRP’s price trajectory remains a focal point. Esteemed crypto analyst CasiTrades has identified a pivotal moment, with XRP testing the $2.25 threshold. She observes the formation of subwaves, suggesting a potential retreat to $1.90 before a significant upward surge. Noting signs of fatigue in XRP’s Relative Strength Index on shorter timeframes, she anticipates the correction’s end is near. CasiTrades remains optimistic, forecasting that XRP could soon surpass $2.25, potentially climbing to $2.68, $3, or higher, describing the current dip as the “final purge” before a robust ascent.
🔒 🔒 🔒 🔒 🔒 🔒 🔒 🔒 🔒 🔒 500,000,000 #XRP (1,108,194,897 USD) locked in escrow at #Ripplehttps://t.co/YsOA2kM6Cp
— Whale Alert (@whale_alert) May 1, 2025
