- Massive XRP movements stir traders as whales lock millions in escrow.
- 4M XRP locked, 15M moved — market eyes unusual whale actions.
- Fresh XRP transactions today spark speculation across exchanges and investors alike.
According to Whale Alert, a total of 4,000,000 XRP, worth around $11.2 million, was locked in escrow yesterday. The transaction, which originated from an unidentified wallet, quickly caught the attention of market observers. Within hours, the alert post accumulated nearly 100,000 views, showing increased interest in on-chain whale movements.
This latest lock came after another major XRP transfer took place earlier. According to Xaif Crypto,15,000,000 XRP, valued at approximately $42.1 million, was sent to the Bitstamp exchange.
The timing of these consecutive movements has stirred broad discussions within the XRP community. Large-scale transfers of this size often suggest liquidity repositioning or institutional adjustments. Consequently, traders are closely monitoring Bitstamp and escrow accounts for any related follow-up activity.
Also Read: Ethereum Whale Secures Major Profits Amid Market Consolidation
Increased Whale Activity and Market Indicators
Recent whale transactions have coincided with increased technical activity in XRP’s price chart. Currently, XRP is trading around $2.82, showing a modest daily gain.
According to TradingView’s daily chart, XRP’s price is hovering near the lower Bollinger Band, with support around $2.72 and resistance near $2.89. The Relative Strength Index (RSI) stands at 43.25, suggesting mild bearish momentum but signaling that the asset is approaching a potential reversal zone.
Source: Tradingview
Besides, the consistent appearance of whale transactions supports the notion of active repositioning among large holders. While one transaction added liquidity to an exchange, the other reduced circulating supply through escrow, reflecting contrasting yet strategic on-chain behaviors.
Hence, the mix of whale activity and market indicators highlights the current uncertainty and anticipation surrounding XRP’s short-term trend.
Broader Market Context
These dual developments underline XRP’s ongoing prominence in both retail and institutional circles. Despite broader market corrections, the asset continues to demonstrate significant trading activity and resilience.
Moreover, the XRP Ledger’s efficiency in processing multi-million-dollar transactions with negligible costs reinforces its relevance in global payment discussions. Consequently, today’s coordinated on-chain movements have reignited attention on XRP’s liquidity health and its growing influence in digital asset markets.
Also Read: Analyst Calls XRP Movement ‘Nothing But Opportunity’ – Here’s Why
