XRP News Today: 44.1 Million XRP Tokens Transferred From Paribu Amid Giga Pump Forecast

A significant movement of XRP tokens has been recorded, with 44.1 million tokens, valued at over $97 million at the current market price, transferred from the Turkish cryptocurrency exchange Paribu to an unknown wallet. This sudden transfer was initially flagged by an XRP investor known as Xaif on the social media platform X. The move comes amidst a projected wave of a giga pump forecasted by technical analysts, which is conflicted by waning bullish sentiment surrounding the cryptocurrency.

On May 31, 2025, at precisely 09:51 AM UTC, a transaction involving 44,100,000 XRP was executed on the XRP Ledger. The source of the transfer was identified as Paribu, one of Turkey’s most prominent cryptocurrency exchanges. The tokens were moved to wallet address “rKeWg9,” which is not previously associated with any major exchange or custodian. Blockchain data confirms that the entire amount was delivered successfully, with a transaction fee of just 0.00001 XRP. According to the XRP analyst, this is most likely a message from a giant investor, pointing to an accumulation move.

This is because a significant movement of crypto tokens off an exchange platform is mostly viewed as a sign of long-term holding that reduces selling pressure. When high-volume transfers like this are made, they are mostly purchases by institutions or high-net-worth individuals positioning themselves ahead of a bigger price shift. In a market where sentiment can change quickly, such moves carry psychological weight. As expected, it has caused some optimism among smaller holders, and the next outlook is whether it can attract more buyers expecting a rally.

Adding to the building fire is a bold proclamation from market analyst Amonyx, who recently took to X to share an ultra-bullish outlook for XRP. Particularly, the analyst noted that XRP is on the way to printing a “giga pump” into the foreseeable long term. The chart he shared shows a long-term symmetrical triangle breakout pattern, indicating that XRP has finally broken past a multi-year consolidation phase on the monthly candlestick timeframe, which dates back to 2018. The resemblance of this breakout to Bitcoin’s similar breakout in 2016 is unmistakable. Considering the subsequent Bitcoin price action at the time, the analyst projected a similar move for the XRP price.

Amonyx’s chart outlines an upside Fibonacci extension target above $27.16, with a more extreme resistance band around $71.41, implying a high-momentum move on the macro level. Both of these levels correspond to the 1.618 and 1.902 Fib extension levels, respectively. The trajectory, if sustained, would see XRP competing with Ethereum and possibly even Bitcoin in terms of market capitalization. At the time of writing, XRP was trading at $2.19, up by 1.33% in the past 24 hours.

This event highlights the potential for significant market movements driven by large-scale transfers and institutional interest. The transfer of 44.1 million XRP tokens from Paribu to an unknown wallet suggests a strategic accumulation by a major investor, which could influence market sentiment and attract more buyers. The analyst's forecast of a giga pump for XRP, based on a long-term symmetrical triangle breakout pattern, adds to the optimism surrounding the cryptocurrency. However, it is important to note that market sentiment can change quickly, and such moves carry psychological weight. The next outlook is whether this transfer can attract more buyers expecting a rally and drive the price of XRP to new heights.