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XRP experiences a significant $10.6 million inflow amid a slight price dip to $2.18, reflecting robust investor activity despite short-term volatility.
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The recent $1.4 billion XRP transfer between wallets, tracked by Whale Alert, has sparked community discussions about whale movements and institutional positioning.
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According to COINOTAG, Ripple’s partner SBI VC Trade is linked to a 320 million XRP transfer, alleviating concerns over premature escrow releases and signaling strategic asset management.
XRP sees $10.6M inflow despite price dip to $2.18; $1.4B moved between wallets with SBI VC Trade linked to major transfers, highlighting strong institutional interest.
XRP’s $10.6 Million Inflow Highlights Institutional Confidence Amid Price Fluctuations
XRP’s recent $10.6 million inflow over the past week underscores a sustained interest from both institutional and retail investors, even as the token’s price experienced a minor pullback to $2.18. This inflow contributes to a month-to-date total of $21.2 million and a year-to-date inflow of $219 million, signaling ongoing capital accumulation. The token’s market capitalization remains steady at approximately $128.87 billion, reflecting resilience in market value despite short-term price adjustments. The 47.30% surge in trading volume to over $1.58 billion suggests active market participation, possibly driven by profit-taking or portfolio rebalancing following an 8.1% weekly gain.
Whale Alert Tracks $1.4 Billion XRP Transfers, Sparking Market Speculation
Blockchain monitoring service Whale Alert reported three significant XRP transactions totaling nearly $1.4 billion, involving 640 million tokens moved between unknown wallets. The transfers—valued at $703.5 million, $351.6 million, and $351.6 million—have generated speculation within the crypto community regarding the nature of these movements. Analysts suggest these could represent whale accumulation strategies or scheduled token redistributions, reflecting sophisticated asset management rather than market manipulation. The transparency of these large transfers provides valuable insights into market dynamics and investor behavior.
SBI VC Trade’s Role in Major XRP Transfers Eases Market Concerns
Further analysis by XRP wallet tracking service @XRPwallets identified SBI VC Trade, a crypto exchange affiliated with Ripple’s Japanese partner SBI, as the originator of the 320 million XRP transfer. This transaction, executed in two parts of 160 million XRP each, was moved to a wallet ending in -QjNRCZ, according to XRPscan data. The traceable origin of these tokens has helped mitigate fears of early escrow release or market manipulation, reinforcing confidence in Ripple’s controlled asset management. This transparency aligns with Ripple’s commitment to regulatory compliance and market stability.
Ripple CEO Brad Garlinghouse Reaffirms Long-Term XRP Value
Ripple CEO Brad Garlinghouse recently reiterated his strong conviction in XRP’s future by responding emphatically to a social media post featuring his XRP tattoo. While this endorsement does not imply immediate price targets, it signals leadership’s confidence in the token’s long-term utility and value proposition. Such public affirmations contribute to investor sentiment and underscore Ripple’s strategic vision amid evolving market conditions.
Conclusion
Despite a modest price dip, XRP’s substantial inflows and high-volume transfers indicate robust investor interest and strategic asset management. The involvement of institutional players like SBI VC Trade and transparent large-scale transactions reinforce market confidence. As XRP continues to navigate short-term volatility, these developments suggest a foundation of long-term value supported by active participation from both retail and institutional investors.
