500M XRP Moved in One Day, But Price Drops — What’s Really Going On?

A sudden spike in on-chain activity has drawn attention after over 500 million XRP tokens were transferred on May 30, 2025. Despite the massive movement, XRP’s price failed to respond positively. Instead, it closed the day lower and triggered concerns about underlying market weakness.

XRP ended the session at $2.14, down 1.5 percent from the previous day, as the drop followed a failed breakout attempt in May that triggered additional selling. Although big volume is commonly linked to optimism in the market, the price movement differed.

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The current price of XRP is below its 50-day moving average, a warning that short-term speeds have slowed down. It is also approaching the 200-day moving average, which has supported prices in the past. A fall beneath the current price could lead to further declines headed for around $2.00 and $1.90.

The Relative Strength Index is at 38.55, very near oversold territory, indicating that sellers still have the upper hand, though with less strength than before. Despite this, fewer shares traded in May than in April, which shows that retail investors and speculators are less excited.

500M Token Transfer Sparks Speculation Over Institutional Moves

The large XRP transfer has led to speculation about its origin, with analysts suggesting it may be linked to exchange rebalancing or institutional cold storage rather than active demand. Without corresponding upward price movement or buying momentum, the transfer appears to be a backend adjustment.

Efforts by traders, analysts, and market experts are closely focused on the 200-day moving average. A break and hold above the line for XRP can start a recovery process. A day in which the stock is above the 50-day average volume rises, and RSI also gets divergent can indicate that the stock is on the upswing.

For now, XRP’s technical outlook remains fragile, as the large transfer shows no evidence of fresh accumulation or investor interest driving price gains.

This year, there was a huge transfer of XRP across the network, but the price of the token did not increase, likely due to ongoing technical challenges holding the market back.

Also Read: Ripple and Bitwise Stun XRP Community With Unexpected Support for Bitcoin

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