Main notes
- Ripple Labs has turned more than $ 402 million in XRP into anonymous portfolio.
- The company has a history in the transfer of XRP for internal liquidity management instead of sales.
- The price of XRP remains in the spotlight with the appearance of a $ 2 mark as a decisive level of viewing.
Ripple Labs made Blockchain payments in 200 million XRP onchain, which caught the community’s attention.
The conversion occurred as the fourth largest encrypted currency is hovering near the $ 2 sign. It is worth noting that the volume of treatment raised some questions, especially with legal and market transformations at the same time.
The large transition adds to the uncertainty in the market
According to the data that was recently on the series of Whale Alert, Ripple Labs carried out the deal on April 11. The value of XRP 200 million amounted to about 402.7 million dollars, and it came from one of its portfolios to an unknown address.
– Whale_AHALERT) April 11, 2025
Shortly after the treatment of the transaction, it has sparked possible sale speculation across XRP community. Although the destination portfolio was not at first known, XRP Explorer Bithomb later suggested that the money was re -directed to another address related to ripples.
Previous trends show that Ripple has made a similar portfolio. This was often linked to covering operational expenses or distributing symbols to institutional partners. This time, the company did not issue an official statement. However, the transfer volume indicates that it can be part of the management of the internal funds in Ripple.
Some analysts believe it can be part of the broader Riple Labs strategy, which is likely to be linked to its ongoing legal battle with the US Securities and Stock Exchange Committee. For context, Ripple Labs recently closed 700 million XRP in the guarantee after the Security Case.
However, the timing coincides with its last appearance for the first time at ETF XRP in the United States. It is worth noting that this launch added momentum to seeing the currency in the prevailing financial markets.
The price of XRP enjoys legal developments
XRP rose for 1 % shortly after the ETF launch, pushing the code to $ 2.01 before settling a little.
The currency -related currency is still in a narrow range, with its last highest levels of $ 2.03 and a reduction of about $ 1.93. Despite fluctuations, it is fixed near two dollars, which many investors see are important.
The main events have recently strengthened the price of XRP. Ripple and SEC move towards a decision, as SEC chose to drop its appeal against the company. The closing of the appeal paid the XRP price, an increase of more than 13 % to $ 2.59.
In a recent update, Ripple Labs and the US Security Committee submitted a joint request with the US Court of Appeal to stop any appeal commitment. This also strengthened the chances of the XRP explosion.
In line with modern trends, some analysts, including Egrag Crypto, believe that XRP has a room for growth. They believe whether the market follows the same style as in 2017 or 2021, the price may rise to $ 19 or even $ 45. Specifically, if Bitcoin reaches the highest new level ever, it can feed the XRP price.
EGRAG also referred to the XRP and Bitcoin chart, saying that it indicates signs that XRP may prepare for another 10x step. The current consensus indicates XRP with a support level of $ 2.
Bitcoin will reach the new ATH. #xrp The minimum 10x will
#Alts Will 10x -50x.Stay constant and concentrated! pic.twitter.com/al2xfmyulj
– Egrag Crypto (@Gragcrypto) March 9, 2025
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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.
Benjamin Jodfrey is a blockchain lover and journalist who enjoys writing about the real life applications of Blockchain technology and innovations to pay public acceptance and complementarity all over the world for emerging technology. His desire to educate people about encrypted currencies inspire his contributions to the media and famous sites in Blockchain.
The post 200 Million XRP Moved by Ripple Labs, Will Price Hold $2 Support? first appeared on Investorempires.com.
