Ripple Moves $487M in XRP—Institutional Play or Something Else?

Ripple is once again making waves in the crypto world—this time by moving a staggering $487 million in XRP. The size and timing of the transfer have sparked intense speculation: is this part of a broader institutional strategy, a liquidity shuffle, or something more strategic? As Ripple’s activity draws attention, XRP’s price movement is beginning to reflect cautious optimism. With bulls eyeing a breakout past key resistance, this development could mark the beginning of a new phase—not just for XRP, but for other altcoins as well.

XRP Shows Steady Climb, Eyeing $2.48 as Bulls Struggle to Break Resistance

 

Source: tradingview 

XRP is currently trading between $2.05 and $2.33, showing slight growth in the past week. Bulls are attempting to push past the $2.48 resistance level. However, they're finding it challenging. The price has risen modestly by around 2% in the past week and month. The Relative Strength Index sits around 57, indicating a potential upward push yet not overbought. If XRP breaks through the current resistance, it might climb towards the $2.76 mark, which is a sizeable increase from its current position. But for now, the momentum remains sluggish, with the bulls needing more strength to achieve significant growth beyond the modest percentage increases of late.

Conclusion

While Ripple’s $487 million XRP transfer has yet to reveal its true intent, the market’s reaction hints at growing anticipation. If XRP can overcome the stubborn $2.48 barrier, it could set the stage for a rally toward $2.76 and beyond. Investors are now watching closely—not only to decode Ripple’s next move but also to identify which altcoins might ride the wave of renewed momentum.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.