Ripple once again caught the headlines quietly transferring 15 million XRP tokens only a few hours after providing legal to win with the American securities and stock exchanges (SEC).
The transaction, registered for Ledger #98 741 614, contained a negligible fee of 0.000015 XRP, showing network performance.
Although Ripple did not submit an official statement, analysts suggest that traffic may be associated with the preparation of liquidity for replacement, billing mechanisms or expanding the ripple liquidity corridors (ODL).
Time, so similar to the victory of the courtroom, fueled speculation that Ripple is positioned to the fresh institutional party.
The whales are carefully watching how XRP Price Slips
Despite the optimism around the legal clarity of Ripple, XRP was not resistant to market pressure. Currently, XRP It trades $ 2.96, which is a decrease of 1.67% in the last 24 hours, and the daily volume of trading has dropped by 26% to USD 4.94 billion. Analysts warn that this price drop and volume can signal weakening shoot.
XRP's price trends to the upside on the daily chart. Source: XRPUSD on Tradingview
The chart data emphasizes the critical battlefield for XRP between the levels of resistance 0.65 to 0.68 USD and support zones at 0.60 USD and 0.55 USD. A decisive breakthrough above 0.70 USD can push XRP in the direction of 0.80 USD, while there is no maintenance of support.
In particular, the whale’s activities and institutional interest are still building, and the Futures XRP opens interest to $ 7.94 billion, which emphasizes the expectations of increased variability.
ETFS, RLUSD and a larger picture
Cryptographic analyst WSK Rector He recently emphasized that the restructuring of XRP institutional sales by Ripple in her case SEC can shape the framework for potential XRP rotary funds (ETF).
Because ETF issuers are not able to obtain XRP directly from Ripple, centralized exchanges and OTC desks can become the main supply channels, causing additional pressure on the fluidity of the secondary market.
Meanwhile, the adoption of RIPPLE USD (RLUSD) in Japan, facilitated by partnership with the SBI Group, strengthened the basics of XRP. RLUSD requires XRP in the case of transaction fees, additionally increasing the demand for a chain.
The accumulation of whale and the growing institutional exhibition through platforms such as CME also support a more stubborn long -term perspective.
When dust is based on the Ripple regulatory battle, XRP’s rapid transfer signals from XRP do not waste time preparing for the next chapter. Regardless of whether it is associated with ETF’s readiness, liquidity expansion or cross -border enhance, one is clear: the market is watching carefully.
CHATGPT cover image, XRPUSD map from TradingView
