XRP News Today: XRP Surges 11.7% Amid $60.6M Whale Transfer and Institutional Buy-In

XRP is demonstrating signs of strong upward momentum, driven by a $60 million whale transfer and rising institutional accumulation, which has raised expectations of a potential price breakout. Recent on-chain activity suggests growing confidence among large holders and institutional investors, reinforcing a bullish outlook for the token.

A major whale transfer of 20 million XRP—valued at approximately $60.6 million—was recorded, moving from South Korea’s Upbit exchange to an unknown wallet. This transaction has been widely interpreted as a strategic move toward self-custody, typically associated with long-term accumulation and reduced selling pressure. The withdrawal of such a significant volume from exchange platforms could lead to tighter supply dynamics, potentially supporting higher prices in the near term [1].

Institutional interest in XRP is also on the rise. Hyperscale, a major player in the digital asset space, recently announced the addition of XRP to its balance sheet and plans for monthly public reporting on its digital holdings. Its subsidiary, Ault Capital Group Inc., disclosed a $10 million purchase of XRP on May 28, 2025, signaling strong institutional support [1]. Similarly, Flora Growth Corp has included XRP among other major cryptocurrencies in its balance sheet, aiming to enhance portfolio diversification and long-term value [1].

XRP’s price action has further reinforced positive market sentiment. The token has recently surged to $3.10, marking a key resistance level after recovering from $2.72. While it currently trades at $3.03, the ability to sustain momentum above the $3 level could validate a broader breakout. However, traders are advised to monitor the support zone between $2.55 and $2.40, as failure to hold above this range could trigger a short-term pullback [1].

The convergence of whale accumulation, institutional adoption, and favorable price dynamics is seen as a key driver for XRP’s recent momentum. Analysts and traders are closely watching on-chain activity and institutional disclosures, which continue to validate XRP’s role in diversified crypto portfolios. Market volatility and regulatory developments remain potential risks, but the current trend reflects a strong foundation for continued gains [1].

XRP’s recent movements underscore the asset’s growing appeal among both large holders and institutional investors, with many viewing it as a strategic addition to balance sheets. As the market continues to test key price levels, further institutional activity and whale behavior could shape the trajectory of XRP’s price in the coming weeks.

Source: [1] XRP Institutional Accumulation Increases Amid Large Transfers, Potential Price Breakout Considered (https://en.coinotag.com/xrp-institutional-accumulation-increases-amid-large-transfers-potential-price-breakout-considered/)