Whale Activity Causes Turbulence in XRP Market with $273 Million Transfer

Recent whale activity has created volatility in the XRP market, highlighted by a transaction of 131 million XRP (approximately $273 million). This event occurred while XRP struggles to surpass resistance at $2.16.

Large Wallet Transfers Create Market Uncertainty

A blockchain monitoring service reported a transfer of 131 million XRP between unknown wallets.
The wallet addresses are not linked to any recognized exchanges, causing speculation among investors.
Another significant transfer of XRP valued at $63 million occurred shortly before this transaction.
Market participants are considering whether these transfers indicate over-the-counter transactions or potential selling pressure.

Price Struggles Below $2.17 Resistance

XRP has faced difficulties breaking the $2.17 resistance, trading around $2.06, down 4% recently.
Despite a 14% gain last week, the price correction followed the recent whale activities.
Analysts warn that XRP could fall below $1.90, with a potential drop to $1.55 if selling volume increases.

JUST IN: SWIFT nearing agreement with Ripple to use #XRP for cross-border payments, with billions of $XRP secured in escrow as liquidity reserves.

— THE RIPPLE WHALES (@RIPPLE_WHALES) April 15, 2025

Long-Term Outlook Remains Mixed

Some analysts hold a positive outlook for XRP amidst current weaknesses.
Speculation about an XRP ETF and a possible agreement with SWIFT has generated interest, but no significant developments have occurred.
Traders are divided on market direction, with the critical support zone between $1.90 and $1.55 needing to hold for upward movement.
Future market behavior will depend on whale movements and resistance levels around $2.16.