XRP News Today: XRP's $706M Whale Move: Strategic Shift or Pre-Market Play?

A $706 million whale transfer of XRP has generated significant buzz within the cryptocurrency community, with speculation about its implications for the token’s price trajectory. The transaction involved the transfer of 257 million XRP from a wallet address belonging to Kraken to another one of its addresses. This move is widely believed to be a strategic allocation to meet user demand, shifting funds from cold storage to a hot wallet. The timing of the transfer coincides with an ongoing accumulation trend among XRP whales, who have collectively gathered nearly $1 billion worth of the token, raising expectations for potential price support.

The accumulation by large holders is seen as bullish for XRP, particularly as the token approaches the psychological $3 level. Analysts have highlighted the importance of maintaining support at $2.74; a break below that could push prices as low as $2.35. Conversely, a sustained close above $2.85 is viewed as a positive signal for the token’s near-term performance. Crypto analyst Egrag Crypto emphasized the significance of closing above $2.90, noting that a strong move through the $3.077 to $3.13 range could unlock further upward momentum. However, inconsistencies in closing above $2.85 have introduced uncertainty among traders, with some predicting that a sustained move above $3.40 could mark the start of a larger 200% rally.

The recent whale activity has been accompanied by broader market dynamics that could influence XRP’s price action. A legal milestone occurred in August 2025, when Ripple and the U.S. Securities and Exchange Commission (SEC) reached a settlement. The court determined that XRP is not a security when sold on public exchanges, though institutional sales remain classified as such. This regulatory clarity has bolstered institutional interest in XRP and strengthened Ripple’s position in the global cross-border payments space. The company has also expanded its partnerships, notably with Thunes, to facilitate real-time blockchain-powered transactions, which could enhance the token’s utility and adoption.

XRP’s technical outlook is mixed. The token has been consolidating within a symmetrical triangle pattern, with key support at $2.77 and resistance at $2.90. A breakout above $2.90 with strong volume could set the stage for a move toward $3.66, the token’s July 2025 high. Meanwhile, the Relative Strength Index (RSI) indicates that XRP is approaching oversold conditions, which may support a reversal, while the MACD remains bearish. Traders are closely monitoring whether XRP can hold above its 100-day EMA at $2.76 to maintain bullish momentum. Failure to do so could result in a retest of lower levels, such as $2.40.

Looking ahead, the broader altcoin market remains volatile, with XRP positioned to potentially outperform due to its resilience and whale-driven accumulation. A key catalyst for the token could be the approval of multiple altcoin ETFs in the U.S. this October, which may bring significant institutional inflows if XRP is included among the eligible tokens. The combination of legal clarity, strategic institutional accumulation, and potential ETF-related demand positions XRP at a critical inflection point as it approaches the final quarter of 2025.

Source: [1] Here's The Large XRP Transaction That Has Got Tongues ... (https://bitcoinist.com/a-large-xrp-transaction/) [2] XRP Price at Crossroads: Legal Win, Whale Buys Fuel $3 ... (https://thecurrencyanalytics.com/altcoins/xrps-legal-clarity-and-whale-accumulation-signal-a-bullish-crossroads-194757) [3] Investors Bought the XRP Hype -- Is It Now Time to Sell the ... (https://finance.yahoo.com/news/investors-bought-xrp-hype-now-070600680.html)