Ripple Moves $652M in XRP as XRP Price Targets Key $2.5 Level

TLDR

• Ripple transferred 300 million XRP valued at over 652 million dollars on January 5.
• The XRP was sent from a Ripple-controlled wallet to an unidentified address in a single transaction.
• XRP price surged by more than 6% within 24 hours, outperforming Bitcoin and Ethereum.
• The XRP price broke past the $2.2 mark and is now targeting the $2.5 level.
• The transfer raised questions within the crypto community about Ripple’s intentions and future plans.

Ripple executed a major XRP transfer totaling 300 million tokens on January 5, valued at over $652 million, which coincided with a strong price rally in the broader crypto market. The on-chain tracker Whale Alert flagged the transfer, which originated from a Ripple-controlled address and went to an unidentified wallet. This move followed a sharp uptick in XRP price performance, which outpaced Bitcoin and Ethereum over the last 24 hours.

XRP Price Leads Market Gains

XRP price surged over 6% within 24 hours, outperforming Bitcoin’s 3.24% and Ethereum’s 2.38% increases during the same period. The token’s strong upward movement has enabled it to reclaim the $2.2 mark, breaking through multiple resistance levels.

The recent gains have sparked growing optimism from holders who believe the XRP price could soon reach $2.5. Trading volumes have also increased, reflecting higher activity across exchanges as more traders move in.

The XRP price uptrend has aligned with general bullish market momentum seen across major digital assets since the new year began. Many investors have kept a close watch on the coin’s breakout, as it extends its rally with strong daily closes.

Ripple Transfers 300 Million Tokens

Ripple sent 300 million XRP in a single transfer to an unknown wallet, according to Whale Alert’s blockchain tracking data. The transfer occurred on Friday, January 5, and was valued at over $652 million at the time of execution.

The destination wallet remains unidentified, and Ripple has not released an official comment regarding the purpose of the move. In the past, such large transfers have often triggered market speculation regarding potential sales or treasury shifts.

Some online discussions have suggested this action may relate to Ripple’s internal strategies or possible external collaborations. However, no confirmations have emerged from the company to clarify the intent behind this transaction.

XRP Price Momentum Continues

XRP price continues to trend upwards, reclaiming levels not seen in several months, as it targets the $2.5 resistance. The asset’s performance has placed it ahead of Bitcoin and Ethereum in recent daily gain rankings.

On-chain data shows increased accumulation by both retail and institutional holders, fueling further interest in XRP price activity. As trading volumes climb, analysts expect short-term volatility but see strength in the current momentum.

“XRP has crossed key thresholds and eyes further upside if market conditions hold,” noted crypto trader Max Browning on X (formerly Twitter). The community has responded to the surge with confidence as the XRP price pushes toward new yearly highs.

Ripple’s large transfer has fueled further speculation around its strategic intentions during this bullish cycle. With no direct sale confirmed, attention remains on Ripple’s next move as trading activity intensifies.