Ripple executes $1B reallocation: Will this spur XRP’s move to $3?
The post Ripple executes $1B reallocation: Will this spur XRP’s move to $3? appeared on BitcoinEthereumNews.com.
Ripple’s $1B XRP reallocation and rising NVT utility hint at bullish accumulation. Technical trend, MACD crossover, and resistance clusters signal breakout momentum building. Ripple executed synchronized transfers involving 1 billion XRP—locking 500 million back into escrow and receiving another 500 million from unknown wallets. These combined moves, worth over $1.1 billion, suggest strategic internal restructuring that may impact market liquidity. At the time of writing, Ripple [XRP] traded at $2.20, reflecting a mild 0.25% daily increase. This activity fuels speculation that Ripple could be preparing for institutional partnerships or operational allocations. The inflow and escrow events may serve as catalysts for renewed investor interest and price momentum. Rising pressure beneath the surface The Exchange Reserve USD stood at $6.0996 billion after rising by 1.22% at press time, signaling increased deposits into centralized exchanges. This rise often reflects growing sell-side pressure, as more coins become available for trading or liquidation. However, it could also represent preparation for leveraged positions or broader market participation. Therefore, the exchange activity introduces near-term volatility risk while also providing sufficient liquidity depth for whales or large market actors to reposition. Additionally, the timing aligns closely with Ripple’s internal transfers, hinting at coordinated market setup. Source: CryptoQuant The NVT ratio has dropped 56.67% to 78.90, indicating that XRP’s transaction volume is growing significantly faster than its market cap. This trend usually reveals undervaluation, especially during phases of heightened network activity. Therefore, the sharp NVT contraction implies improving utility and stronger fundamentals. Additionally, this drop may reflect early-stage accumulation before a larger breakout. When paired with increasing exchange deposits, this undervaluation metric reinforces a bullish mid-term outlook. However, price confirmation remains crucial to validate this narrative and avoid short-lived spikes. Source: CryptoQuant XRP: An imminent surge ahead? Liquidation data revealed strong long-side dominance, with $636.87K in long liquidations…
Filed under: News - @ May 2, 2025 3:24 pm