The XRP market saw significant activity after a major whale purchase reignited discussions about a potential rally. According to a post by Kenny Nguyen on X, a whale acquired 57,304,617 XRP, valued at approximately $127.7 million, just three hours before the announcement.
This large transaction has raised speculation that a major XRP pump could be underway. Typically, moving such significant amounts into private wallets points to intentions of long-term holding rather than immediate selling.
Market analysts observe the wallet closely as it might indicate additional movements.
XRP demonstrated a minimal price gain after the recent transaction took place. The Ripple-backed coin maintains its market position at $2.22, following a 1.43 percent improvement in its value since yesterday, according to CoinMarketCap statistics.
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However, despite the price rise, XRP’s trading volume has dropped by over 17 percent within the same period, signaling a cooling in immediate trading activity.
Besides the positive price shift, XRP stayed within a tight trading range between $2.18 and $2.22 throughout April 25, 2025. This limited price movement suggests that investors are waiting to see whether the whale activity will lead to broader market momentum.
Another Whale Movement Adds to Market Buzz
In a related development, a second large XRP transfer occurred just a day earlier. More than 29.5 million XRP, worth approximately $65.35 million, was moved from an unknown wallet to Coinbase, the largest US-based cryptocurrency exchange.
The timing of both major transactions comes at a period when Ripple Labs is witnessing favorable progress in its legal battle with the United States Securities and Exchange Commission.
Additionally, the rising adoption of XRP for cross-border payment solutions continues to enhance its standing in the digital asset space.
Market watchers believe these major whale movements could point to strengthening confidence among large XRP holders. However, the full market reaction remains uncertain as traders continue monitoring the situation closely.
The transfer of $128 million worth of XRP in one day has stirred anticipation within the community. While XRP’s price shows early signs of momentum, further whale activity will be key to determining whether a full-scale market pump materializes.
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