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XRP Whale Transfers Exceed $1B, Fueling Hopes for a New Upswing

2025-07-23 07:43:40

Main Idea

The XRP network is experiencing significant whale activity and institutional interest, supported by technical indicators and strategic moves by Ripple, while Japan's new crypto rewards program is driving mainstream adoption.

Key Points

1. The XRP Ledger recorded $1.07 billion in transfer volume, with 1.72 billion XRP exchanged, indicating strong whale activity and confidence in XRP's price ascent.

2. XRP's rebound is supported by bullish technical setups, including a double-bottom breakout and a bullish MACD, with a cup-and-handle breakout above $3.40.

3. Ripple unlocked 1 billion XRP, re-locked 700 million, and allocated 300 million for partnerships and liquidity initiatives, contributing to a bullish outlook.

4. Japan's Aplus, in partnership with SBI VC Trade, launched a crypto rewards program allowing credit card points to be converted into XRP, Bitcoin, and Ether, marking a step toward mainstream adoption.

5. XRP derivatives open interest reached a record $10.98 billion, and the token surged 277% against BTC in a year, reflecting growing market interest.

Description

Whales Re-entering the Market The XRP network has witnessed a massive surge in whale transfers, with daily on‑chain movements exceeding the $1 billion mark for the first time in over a month. Data from XRPScan and TradingView show that the XRP Ledger recorded $1.07 billion in transfer volume, peaking at 1.72 billion XRP exchanged in 2.08 million transactions, as nearly 10,279 addresses interacted in a single day. Notably whale transfers of more than $1 billion are not only about liquidity redist...

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