Ripple Sends Out $652 Million in XRP as Price Eyes $2.5

2026-01-06 00:24:54

Source: CryptoNewsNet Original Title: Ripple Sends Out $652 Million in XRP as Price Eyes $2.5 Original Link: Ripple has continued to make significant moves with XRP as the new year has seen the broader crypto market turn bullish, with leading cryptocurrencies showing impressive price gains.

Amid this bullish market condition, a major XRP transfer from Ripple has drawn the attention of the crypto community. The transfer, which was identified by on-chain tracking firm Whale Alert, has sparked discussions about what the San Francisco-based blockchain firm may be planning.

Ripple Moves 300 Million XRP at Once

Ripple has stunned the crypto market with a massive 300 million XRP transfer on Monday, January 5, as trading activities across the market continue to heighten.

The move has come as XRP has continued to see upside price movement, outperforming Bitcoin and Ethereum in daily gains. Over the last day, Bitcoin and Ethereum have recorded 3.24% and 2.38% price increases respectively, while XRP led with over 6% increase during the same period.

The transfer, which was worth over $652 million, saw Ripple send the large amount of XRP to an unidentified wallet in a single transaction.

While large transfers from Ripple have previously been interpreted as potential sell attempts, the mysterious nature of this latest transfer makes it difficult to determine if the firm is only repositioning its holdings or actively selling amid the ongoing price surge.

Nonetheless, speculation across social media suggests that the transfer may have been triggered by Ripple’s recent operational activities, possibly associated with strategic partnerships or internal treasury management.

XRP Reclaims $2.2

XRP has continued to see its price surge as demand continues to grow across the broader crypto market.

Amid this positive price movement, XRP has reclaimed its long-lost $2.2 level, breaking through key resistance zones.

As the price rally continues to intensify, holders are confident that the asset could reclaim the $2.5 target in the near term.

XRP-2,18%

BTC-0,03%

ETH-0,91%

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