XRP News Today: Whales Move $11.9 Million in Crypto Assets Amid Market Volatility

Recent on-chain data from Santiment has revealed significant whale activity in the cryptocurrency market, which could potentially signal upcoming volatility. Over the past 24 hours, $2 million in Gravity Token (G) was moved to OKX, while a substantial $7.9 million in PayPal USD (PYUSD) was transferred to an unspecified exchange, alongside $1 million in Apecoin (APE) to Binance. These large-scale movements suggest that whales—holders with significant crypto assets—may be repositioning or preparing for market shifts.

PayPal USD, a stablecoin designed to maintain a $1 peg with liquid backing attested monthly, saw its largest movement yet. This $7.9 million transfer could indicate whale anticipation of regulatory changes or profit-taking, especially as a 2023 Journal of Financial Economics study linked whale activity to 15-20% price volatility in stablecoins. With PYUSD’s market cap under 1% of the stablecoin sector, this move might reflect strategic adjustments amid PayPal’s recent 3.7% yield incentive launched in summer 2025.

Gravity Token’s $2 million transfer aligns with its turbulent history, boasting a $776.5 million market cap but an 87.3% drop from its all-time high. This could signify profit-taking or loss aversion, behaviors echoed in a 2021 American Economic Review study on crypto market dynamics. The token’s high volatility, with an ATR of 0.0019, supports the notion that whales may be capitalizing on price swings. Apecoin’s $1 million move to Binance further underscores active whale engagement, potentially hinting at broader altcoin trends. As the crypto market remains sensitive to such movements, investors are advised to monitor Santiment’s real-time data.

Large-scale transactions by whales often signal impending market volatility, triggering waves of speculation and strategic shifts in the trading landscape. Recently, whales have been moving substantial amounts of tokens to exchanges, which could indicate potential sell-offs or strategic repositioning. This activity is not limited to a single cryptocurrency; it has been observed across various digital assets, including Bitcoin, Cardano, and XRP.

The movement of large holders, commonly referred to as whales, often reflects either confidence shifts or strategic repositioning. For instance, Bitcoin whales have been accumulating BTC as the price nears record highs, which could be a bullish signal indicating their positioning for future growth. Similarly, Cardano's price dynamics and whale activity have shown signs of a potential shift, with on-chain data indicating a new pattern emerging. Uniswap's token price has also surged recently, but indicators suggest a possible decline as whale buying increases and exchange supplies rise.

One notable event involved a large XRP transaction on July 5, where 779,321.94 XRP, worth over $1.7 million, was transferred from a wallet to an unknown private address. This move has sparked speculation that a major player is preparing for a significant price breakout. The timing and size of the transaction have led to interpretations that "smart money" is positioning ahead of a big market shift. This whale movement has reignited talk of a parabolic rally, especially as Ripple pushes forward with its U.S. banking license application and ETF speculation gains traction.

Adding to the momentum, XRP-related investment products saw $10.6 million in weekly inflows, bringing XRP’s total assets under management to $1.4 billion. This institutional buying spree signals renewed confidence in XRP’s long-term prospects. The futures market activity is also mirroring this optimism, with open interest in XRP futures surging by 25% to $4.69 billion, while daily trading volume hit $4.72 billion. These spikes in derivatives activity typically reflect increased speculative interest and a bullish shift in sentiment.

Technically, XRP is showing strength with two consecutive green daily candles, and the MACD has issued a bullish crossover. The Relative Strength Index (RSI) has climbed to 57, suggesting sustained upward momentum. Key resistance levels lie at $2.33 and $2.47, with a potential retest of the May high at $2.65 on the horizon. However, traders should keep an eye on macro risks, including potential volatility from expiring U.S. tariff exemptions. In the event of a dip, XRP has solid support between $2.00 and $2.22, bolstered by the 100-day EMA.

The idea of a 600% rally for XRP is not unfounded. Analysts are pointing to XRP’s explosive history as evidence it could repeat such a move. During the 2017 bull run, XRP surged from $0.0055 to $3.80—a staggering 68,990% gain. More recently, from November 2024 to January 2025, XRP rallied 580%, moving from $0.50 to $3.40. Applying a similar growth model to the current price of $2.28, some analysts now project a possible move toward $16, while others see a more conservative target around $4.60, XRP’s previous all-time high.

Looking ahead, the outlook for XRP remains decidedly bullish. With a major whale transfer, institutional buying on the rise, tightening technical patterns, and Ripple’s push into U.S. banking and ETF territory, XRP appears poised for a major move. A breakout above $2.65 could pave the way for a rally toward $4.60, or even higher. However, volatility remains a factor, and investors should stay tuned to macro headlines and XRP court case developments that could sway sentiment.