XRP News Today: Ripple Moves $738 Million in XRP Amid 20% Price Surge

Generated by AI AgentCoin World
Monday, Jul 21, 2025 9:44 am ET1min read
Aime RobotAime Summary

- Ripple transferred $738 million in XRP between anonymous wallets, linked to a new subwallet via on-chain data.

- XRP surged 20% to $3.65, driven by the XRP ETF launch and the Genesis Act's stablecoin framework.

- Internal transfers typically avoid market impact, but highlight Ripple's strategic asset management and long-term confidence.

On July 21, a significant transaction involving 210,669,117

XRP
tokens, valued at approximately $738 million, was recorded by the blockchain tracking platform Whale Alert. The transfer, which occurred between two anonymous wallets, was later linked to
Ripple
through on-chain data. The sender wallet, activated in June 2022, was identified as belonging to Ripple, and the funds were moved to a new Ripple subwallet. The purpose of the transaction remains unclear, as Ripple has not issued an official response regarding the transfer.

The transaction was successfully completed on ledger 987615445, with a network fee of 20 XRP. This movement is one of the most significant recent whale transactions, reflecting ongoing activity within Ripple-managed wallets. Observers continue to monitor wallet behavior as XRP remains above its key support levels.

This event occurred amidst notable price movements for XRP. In the preceding week, the cryptocurrency experienced a 20% increase in 24 hours, jumping from $3.02 to a local high of $3.65. Analysts attributed this surge to the recent launch of the XRP ETF and the passing of the Genesis Act, which outlines the use of stablecoin in payments and relates to Ripple’s stablecoin RLUSD. As of the latest update, XRP is trading at $3.54, recovering slightly with a 1.01% increase in the last 24 hours.

Internal transfers of this nature typically do not affect market prices, as they involve reorganizing funds within a company's own wallets rather than selling assets on the open market. The regulatory environment for cryptocurrencies continues to improve, and new products are being introduced to the market. Ripple's active management of its XRP holdings indicates the company's confidence in the long-term prospects of the cryptocurrency. As XRP inches closer to breaking its 2018 record, the internal transfer by Ripple serves as a reminder of the company's strategic approach to managing its assets, reinforcing its commitment to the cryptocurrency's future.