XRP News Today: XRP Whale Moves 10 Million Tokens Amid 8% Volume Surge

A significant transaction involving the cryptocurrency XRP has captured the attention of the crypto community. On May 30, 2025, an unidentified XRP whale transferred 10 million tokens, valued at approximately $22 million at the time, to an unknown wallet. This move, detected by on-chain data tracker Whale Alert, has sparked considerable speculation, especially given the current volatility in the broader crypto market.

The transfer occurred during a period of heightened activity for XRP. Over the past 24 hours, over $1.95 billion worth of XRP was traded, representing an 8% increase in volume. Despite this surge in trading activity, XRP’s price action has been under pressure, falling to lows of $2.08 during early trading before recovering slightly to $2.17 by day’s end—a 1% increase. Market data from TradingView indicates that XRP has broken below its 50-day and 200-day simple moving averages at $2.25 and $2.30, respectively, suggesting strengthening bearish momentum. Additionally, data from IntoTheBlock shows that XRP has lost 75% of its on-chain volume, indicating fewer transactions are taking place on the network compared to previous highs.

This whale transfer coincides with significant corporate developments involving XRP. Renewable energy firm VivoPower recently announced plans to raise $121 million to establish an XRP-focused treasury reserve, marking a first for a publicly traded company. Similarly, Webus International, a firm, is raising $300 million to create an XRP strategic reserve. These moves indicate rising institutional interest in XRP despite market turbulence. On-chain analysts and traders are closely monitoring XRP’s exchange open interest, which hit $4.87 billion on May 28, 2025, signaling elevated speculative activity with traders likely positioning for a significant move.

The anonymity surrounding the $22 million transfer has fueled market speculation. Large, unexplained whale transactions often precede significant price swings or strategic positioning by major players. However, interpretations remain speculative without confirmation from the entity behind the transfer. Recent XRP price patterns show three consecutive days of declines since May 27, 2025, despite rising volumes and renewed institutional interest. Analysts have noted that while large-scale acquisitions like those by VivoPower and Webus International signal long-term confidence in XRP, the near-term outlook remains clouded by bearish technical indicators and continued market volatility.

Investors and traders will likely closely monitor XRP’s next moves. Key levels to watch include the $2.25 resistance and $2.08 support, with any decisive break potentially signaling the market’s direction. For now, the big money move has set the stage—but whether it’s a signal of bullish confidence or a defensive play remains to be seen.