XRP is once again under the market spotlight as a dramatic shift in on-chain liquidity raises questions about its next major move. Analysts are closely watching the token after an astonishing $15 billion worth of XRP was moved from South Korea’s largest exchange, Upbit, to an unknown wallet.
$15B XRP Transfer Fuels Speculation
Crypto analyst Steph reported that approximately 6.8 billion XRP tokens were withdrawn from Upbit—a move that has sparked speculation of accumulation by institutions or crypto whales. With XRP trading around $2.19 at the time of transfer, this sudden liquidity drain could indicate long-term holding strategies or strategic repositioning.
While some believe Upbit may have simply moved funds into cold storage, large off-exchange transfers often hint at bullish sentiment and accumulation behavior.
Adding to the optimism, Ripple co-founder Arthur Britto broke a 14-year silence with a cryptic post, which the community interpreted as a vote of confidence in XRP. Meanwhile, a major Dubai developer announced a partnership with XRP Ledger through CryptoTradingFund, potentially enhancing XRP’s adoption in real estate and DeFi.
New XRP Ledger Upgrade: Version 2.5.0
XRP Ledger is also undergoing major technical improvements. The newly released v2.5.0 introduces powerful tools like batch transactions, token escrow for IOUs and multi-purpose tokens (MPT), and enhanced permission controls for decentralized exchanges (PermissionedDEX).
Security upgrades and pipeline fixes for developers also make the ledger more robust—features that could drive broader adoption and utility.
Will Price Follow Fundamentals?
Despite the recent developments, XRP’s price has been relatively muted. After rebounding to $2.19, the token has struggled to break through the $2.20 resistance level. A decisive close above that level could pave the way for a move toward $2.36 or higher.
On the flip side, failure to hold above $2.00 might expose XRP to a drop toward $1.75, especially if trading volumes remain low.
Some analysts remain ultra-bullish, projecting targets as high as $3 and even $28 in long-term scenarios, while others urge caution given the market’s recent volatility.
Bottom Line:
XRP is building momentum both on-chain and through ecosystem upgrades. While signs point toward accumulation and growing utility, traders should watch for confirmation of a breakout before jumping in.
This is not financial advice. Always conduct your own research before making investment decisions.