XRP News: Ripple Transfers $915 Million In XRP, What’s Happening?

Rupam Roy
December 12, 2024 Updated June 2, 2025
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XRP news Ripple XRP transfer RLUSD stablecoin

Highlights

  • Ripple has recently moved 380 million XRP, worth $915 million, sparking speculations.
  • Other massive transfers between unknown wallets were also noted recently.
  • Despite the speculations, XRP noted strong rally of over 5% today.

XRP News: The recent massive XRP transfer by Ripple has sparked speculations in the market amid a price surge in its native token. The blockchain firm has moved 380 million XRP, worth more than $915 million, to a wallet, fueling discussions over its potential impact on the asset’s value. In addition, it also comes just after the firm received NYDFS approval for its stablecoin RLUSD.

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XRP News: Ripple Moves $915M Coins Sparking Speculations

In the latest XRP news, Ripple has conducted a massive transfer of its native coin, sparking speculations in the market. According to a recent report by the on-chain transaction tracking platform, Whale Alert, the blockchain firm has moved 380 million XRP, worth $915.17 million, to an unknown wallet “rP4X2….sKxv3”.

Notably, the firm has also made similar transfers previously, which has further fueled speculations. While many see this transfer as a selling move by the blockchain firm, others have argued it to be an internal transfer. According to XRPScan data, the address was activated by Ripple (50).

Meanwhile, some other large XRP transfers were also noted recently, which has fueled discussions in the market. For context, the same address transferred 200 million XRP, valued at around $485.37 million, to an unknown wallet “rJqiM…La8nE”. However, XRPScan showed that this address belongs to a Ripple (50) account.

In addition, another transfer of 60 million tokens, worth about $145 million, was noted between two unknown wallets, further fueling discussions. It’s also worth noting that both these addresses belong to the “Top accounts by XRP balance” list on XRPScan.

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Speculations Soar Amid RLUSD Optimism

The transfers have fueled discussions in the broader crypto sector, with a flurry of market enthusiasts looking for the potential reason behind the transfer. However, it appears that most of the transfers were internal movements, which is less likely to impact the prices.

Notably, Ripple has also previously made similar internal transactions. Besides, the market sentiment appeared to have remained high despite the recent transfers, as evidenced by the current price chart. As of writing, XRP price was down 2% to 2.42, its one-day trading volume slipped 54% to $11 billion.

The crypto has touched a 24-hour high of $2.48 while noting monthly gains of 265%. Furthermore, CoinGlass data showed that XRP Futures Open Interest rose 11%, indicating strong market confidence towards Ripple’s native crypto. Besides, a top market expert has recently predicted the crypto rally to $5.

Meanwhile, this rally comes as Ripple Labs secured approval from NYDFS for its RLUSD stablecoin. The development was lauded by the crypto community, amid optimism towards pro-crypto regulation in the US with Trump’s election win.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam's expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news. Rupam's career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.