XRP News: Ripple Moves 230M Coins Amid Price Surge, What’s Happening?
The post XRP News: Ripple Moves 230M Coins Amid Price Surge, What’s Happening? appeared on BitcoinEthereumNews.com.
In the latest XRP news, Ripple has continued to make headlines, but this time with a hefty transfer of 230 million XRP. Notably, this move comes as the broader crypto market has recorded a recovery, with the XRP price soaring more than 2%, indicating renewed interest among traders in the digital assets space. Meanwhile, the speculations further mounted as another massive transfer of 50 million XRP has also been recorded recently. These latest transfers have also left the community guessing over the potential reasons, especially as it comes ahead of a crucial deadline in the Ripple Vs. SEC lawsuit. XRP News: Ripple’s $500 Mln Move Sparks Speculations The investors have kept a close eye on the XRP news thread, despite the Google search interest hitting a record low recently. However, this time, Ripple is making headlines with a massive transfer that has fueled discussions in the market. According to Whale Alert data, Ripple has moved 230 million XRP, valued at $498.51 million, to an anonymous wallet. The destination wallet “rP4X2….sKxv3” remained unidentified, which has fueled speculations in the community. Meanwhile, some believe that Ripple could be gearing up for a major update or liquidity adjustment. On the other hand, others deem the transfer to be linked to a high-net-worth trader shifting funds for private reasons. Although the actual reason for the movement is not yet confirmed, such massive XRP transfers are not rare. Often, Ripple shifts funds for liquidity, operational needs, or cross-border transfers. In addition, the discussions are further intensified by another recent XRP transfer. Whale Alert noted that the destination wallet (“rP4X2….sKxv3”) has recently sent 50 million XRP, worth $108.19 million, to another unknown wallet identified by the address “rhWt2….E32hk”. XRP Transfer | Source: Whale Alert Can XRP Hit $5 Ahead? XRP price jumped nearly 2% today and…
Filed under: News - @ June 7, 2025 7:31 pm