Ripple Whale Moves $782M in XRP: How Could XRP Price React?

Ripple’s native token XRP has seen an 11% price increase over the past week, climbing to $2.41 amid renewed investor optimism.However, a massive whale transaction involving $782 million worth of XRP has triggered speculation in the market.The move occurred shortly after Federal Reserve Chair Jerome Powell’s latest interest rate decision, which sparked volatility across both traditional and crypto markets.Whale Movement Sparks SpeculationAccording to a recent post on Binance Square, a Ripple whale transferred approximately $782 million in XRP last week.The address involved is speculated to be connected to Ripple itself, further fueling discussions among investors.Despite the mystery surrounding the transaction, XRP has benefited from Bitcoin’s broader rally, helping drive momentum across altcoins.Sentiment among XRP whales remains bullish. On-chain data from analytics firm Santiment reveals that whales have accumulated over 880 million XRP in the past month—valued at roughly $2.13 billion.This aggressive accumulation suggests that large holders are positioning for a potential upside move in XRP.Whales have accumulated over 880 million $XRP in the past month! pic.twitter.com/SQWf2U1yZB— Ali (@ali_charts) May 8, 2025Ripple’s Fundamentals StrengthenRipple’s fundamentals have also improved.For one, the legal dispute between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has concluded after more than four years, marking a significant development in cryptocurrency regulation.​In March 2025, Ripple and the SEC reached a settlement. Under the agreement, Ripple would pay $50 million of the previously imposed fine, with the remaining $75 million returned to the company.Meanwhile, the XRP Ledger is gaining traction among institutional players.In January, Ondo Finance announced the launch of tokenized U.S. Treasury products on the XRP Ledger.Their new product, OUSG (Ondo Short-Term U.S. Government Treasuries), uses Ripple’s stablecoin RLUSD for the minting process.This development reflects growing institutional interest in Ripple’s blockchain, a trend that could support long-term growth for XRP.XRP Price Outlook: Key Levels to WatchXRP saw a sharp rise late last week, hitting $2.47 on Saturday—its highest level since March.However, the price pulled back by Sunday as selling pressure mounted. On Monday morning, XRP began to rebound again.Technical indicators suggest that investors are cautiously bullish. The Relative Strength Index (RSI) for XRP currently sits at 62, indicating upward momentum but also some hesitation compared to other crypto assets, many of which have RSI readings above 70.The key resistance level to watch is $2.50. A breakout above this could open the door for a push toward the March high of $2.94 and potentially the psychological level of $3.On the downside, immediate support lies around $2.30. A drop below that could see XRP retest its 30-day moving average at $2.20.Long-Term PotentialLooking ahead, many XRP investors are targeting a new all-time high above $3.84.That would represent a 58% increase from current levels. Factors such as Ripple’s business expansion, rising interest in the XRP Ledger, and the potential approval of a spot XRP ETF could act as catalysts for such a move.With improving fundamentals, growing institutional use, and increasing whale accumulation, XRP remains one of the most closely watched altcoins in the market.The post Ripple Whale Moves $782M in XRP: How Could XRP Price React? appeared first on Cryptonews.