- XRP surged 9.48% after a mysterious $106 million transfer between unknown wallets raised speculation across the crypto community.
- Bitcoin crossing $100,000 and Ripple finalizing its SEC settlement further fueled the XRP price jump.
A mysterious XRP transaction worth over $106 million has sparked intense speculation within the crypto community, coinciding with a notable price rally.
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Whale Alert Flags Massive XRP Transfer
Blockchain tracking platform Whale Alert reported a massive transfer of 46,495,041 XRP, valued at approximately $106,691,613. The coins were moved between two anonymous wallets, with no identifiable exchange or institutional tags. XRPscan confirmed that both the source and destination remain undisclosed, adding to the growing intrigue.
🚨 🚨 🚨 🚨 🚨 46,495,041 #XRP (106,691,613 USD) transferred from unknown wallet to unknown wallethttps://t.co/f7ewc9Dttk
— Whale Alert (@whale_alert) May 9, 2025
This sizeable transaction set off a storm of debate across the XRP community. With no clear explanation behind the move, theories range from over-the-counter (OTC) deals to institutional repositioning or even early signs of renewed bullish momentum. Given the volume, many believe this could be a strategic play by a major holder or firm anticipating significant market movements.
RELATED:Ripple (XRP) and SEC Settle $1.3 Billion XRP Lawsuit with $50 Million Deal
XRP Price Soars 9.48% Amid Market Shifts
Coinciding with this unusual transfer, XRP’s price has experienced a significant uptick. The token jumped 9.48% overall, fueled not only by the mysterious transaction but also by broader market developments. XRP is currently trading at $2.3409, marking a healthy rebound following earlier price fluctuations.
Much of this momentum can also be attributed to bitcoin breaking past the psychological $100,000 barrier for the first time since January, reaching a high of $103,800. This bullish sentiment from the crypto leader often ripples into other major altcoins like XRP.
Ripple’s Legal Breakthrough Adds Fuel
Another major catalyst behind XRP’s price surge is the recent legal progress in Ripple’s longstanding battle with the U.S. Securities and Exchange Commission (SEC). The SEC submitted a formal letter confirming it had reached a final settlement with Ripple after nearly five years of legal wrangling. This development has been widely interpreted as a bullish signal, potentially clearing the regulatory cloud that has hung over XRP since 2020.
While the source of the $106 million XRP transfer remains unknown, the timing is far from coincidental. With bitcoin breaking new ground and Ripple finally resolving its legal woes, market watchers believe XRP could be entering a new phase of momentum. The coming days will reveal whether this was a one-off whale movement or a prelude to a more sustained rally.
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