- Ripple moved 200M XRP worth $402.78M, fueling speculation amid legal uncertainty.
- XRP price held above $2 following the ETF launch and increased investor interest.
- Analysts predict XRP could hit $19–$45 if historical trends and Bitcoin rally align.
The transfer of 200 million XRP by Ripple intensified market speculation through its recent transaction. Whale Alert reported the transaction valued at about $402.78 million and connected it to Ripple’s wallet. The transfer to an unknown destination sparked new debates about Ripple’s strategic moves while XRP continues to support its important $2 benchmark.
In spite of increased market instability XRP remains above the $2 threshold exhibiting current stability while market conditions undergo changes.
Ripple Shift Aligns with Legal Milestones
Financial analysts speculate that the transaction may involve over-the-counter deals or internal management activities. Without official confirmation the purpose remains subject to various interpretations.
Despite facing a complicated combination of market dynamics and regulatory developments alongside technical patterns XRP price demonstrates robust performance. Within the last 24 hours XRP’s value changed between $1.93 and $2.03. The market price remains above $2.01 while demonstrating stability throughout periods of uncertainty. Market analysts see the continuous support level as a primary indicator of resilience.
XRP ETF Launch Lifts Market Optimism
Adding to the momentum, XRP has recently recorded a successful ETF launch in the US. This development has brought a fresh wave of investor attention to the asset. The ETF debut was well received and appears to have influenced market sentiment positively. Following the launch, XRP’s trading activity increased, and the number of active wallet addresses holding the token also rose.
This uptick in participation is viewed as a key factor in the current price support. The release of this investment vehicle coincides with growing investor demand for regulated digital asset investment options. The introduction of XRP’s ETF might enable expanded institutional participation. Ripple’s position in the digital asset market could strengthen as legal ambiguities start to resolve.
The ETF development emerged alongside a joint court filing by Ripple and the SEC. Both parties requested the US Court of Appeals to pause proceedings. The request signals a potential step toward final resolution and has added to the growing optimism around XRP’s legal position. This coordinated legal move reflects a maturing approach to the long-standing regulatory challenge.
Expert Outlook Suggests Possible Rally Ahead
The latest developments prompted market analysts to issue updated projections. A recognized member of the XRP community named EGRAG CRYPTO provided fresh price predictions. He highlighted that XRP could climb to $19 or even $45 if historical market cycles repeat. These predictions are based on technical patterns observed in previous bull runs.
The expert observed that the 2017 and 2021 patterns resulted in significant price increases. The expert pointed out that a breakout for XRP might occur if Bitcoin establishes a new record high. The optimistic perspective mirrors the expanding technical support that backs XRP’s latest price movements.
