Altcoin
90M Ripple Coin Transfer Sparks Speculation, What’s Happening?
XRP News: Amid a highly volatile crypto market witnessed recently, a crypto market whale’s decision to move 90 million of Ripple’s coin has echoed a frenzy. On Thursday, whale data indicated that roughly $200 million worth of the crypto was moved between unknown wallets. As a result, market watchers are extensively eyeing the coin for future price action shifts in light of the whale transaction and additional on-chain dynamics, indicating that an ATH by next year is possible.
XRP News: 90M of Ripple’s Coin Transferred Sparking Speculations
As per the latest data by Whale Alert, 90 million XRP was moved by the unknown address rJBRiw.. to rDzNXR, emerging as noteworthy news for the broader community. Per the data, this transaction marked the transfer of $195.16 million worth of crypto, garnering significant attention. This latest XRP news has fueled widespread speculations in the market.
However, many see the latest move as transfers between exchanges. Notably, the transaction comes amid a highly volatile crypto market, with investors apprehensive over asset prices, sparking significant discussions among market participants. Despite that, other on-chain statistics have indicated that Ripple’s coin could scale higher levels ahead despite recent volatility.
A recent CoinGape report revealed that XRP price could attain a new ATH by 2025, primarily attributable to a plethora of bullish factors. Particularly with increased whale accumulations, rising market optimism with the anticipation of an XRP ETF launch, and the speculation of Ripple vs. SEC case end, the coin reflects a bullish outlook about its long-term prospects.
Intriguingly, the appointment of Paul Atkins as the new SEC Chair under Trump’s presidency has substantially uplifted market sentiment for the asset. Atkins could potentially dismiss the XRP lawsuit, aligning with the 47th US president’s pro-crypto reign. Overall, the 90M coin transfer amid the abovementioned optimistic maneuvers has emerged as buzzworthy XRP news, gaining significant traction globally.
XRP Price Eyes Gains Ahead?
In light of the latest XRP news, Ripple’s coin eyes phenomenal gains in 2025. However, XRP price today slipped nearly 4%, aligning with the recent turbulent market. Its intraday low and high were $2.16 and $2.31, respectively.
Nevertheless, a recent XRP price analysis by CoinGape revealed that the coin eyes a $4 price target as Binance recorded ATH Ripple transactions. This bullish projection further aligns with the abovementioned XRP news, reflecting an optimistic outlook for the crypto in 2025.
Besides, it’s also worth mentioning that the American blockchain payments giant’s 1 billion XRP escrow unlock looms to take place on January 1. Market watchers are monitoring the token as this unlock could potentially impact the price amid recent market trends.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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