XRP Ledger Million-Dollar Transactions Surge 280% in 24 Hours

XRP News

Transfers exceeding $1 million on the XRP Ledger climbed 280% to nearly 40 in a 24-hour window, according to on-chain data, after the two previous days had recorded only about 10 such moves. The burst follows a week in which wallets with sizable balances added more than 450 million XRP, while active addresses touched a two-month peak around 50,000. On-chain readings suggest big market participants used the recent pullback to accumulate, treating the pause in U.S. rulemaking as a window before a formal framework is approved. South Korea’s Jeonbuk Bank has integrated Ripple Payments for commercial settlements, with cross-border transfers routed over the ledger’s internal rails rather than the SWIFT interbank network. In Washington, Ripple executives are set to hold a closed-door meeting with SEC Chair Paul Atkins and acting CFTC Chairman Michael Selig after the Senate postponed the CLARITY Act vote until September. For the altcoin’s bulls, the combination of whale accumulation, rising network usage and high-level regulatory contact points to a possible resumption of the uptrend, though spot price action has yet to confirm it. Spot markets, meanwhile, have kept XRP near the $1 psychological level while awaiting the outcome of the talks.

The $1.00 area remains the central technical contest for XRP. The price has dipped below the psychological level intraday only to be pulled back into the zone, but the chart structure has not confirmed a reversal. XRP continues to print lower highs and lower lows and trades below its short-term average near $1.04. Technical observers define $1.04 as the first barrier and $1.08 as the next; a volume-backed close above $1.08 could open the door to the $1.15-$1.16 region. On the downside, a daily close below $1.00 matters more than an intraday wick, because the ledger lacks dense support just under the round number. In that scenario, $0.95 becomes the first downside reference, and traders will watch whether selling pressure accelerates once the psychological floor is lost. Several analysts caution that the current sideways drift should not yet be labeled a completed bottom; a durable base requires a higher low and a breakout through prior swing highs. The open question is whether $1.00 is becoming a launch pad or merely a pause within a larger bear market.

Despite the spike in large transfers, XRP has not converted whale flow into a price recovery. The token slipped about 1% over the past 24 hours to trade just below the $1.00 support, even as bitcoin recovered above $64,000. Separate on-chain data shows addresses holding 10 million to 100 million XRP accumulated roughly 72 million tokens, worth about $72 million at the time, days before the latest activity burst. Network engagement expanded last week as well, yet social sentiment toward the token fell to a three-month low. The move also stands out against a week that saw bitcoin reclaim $64,000, reinforcing the view that XRP is not yet following the broader market higher. Derivatives positioning adds another amber signal: open interest recently approached levels last seen around the Oct. 10 liquidation event, while exchange monitoring flagged rising selling pressure on Binance. Cumulatively, the data paints a picture of rising network engagement and rising leverage, two forces that often precede a sharp directional move. The contrast between healthy network participation and uncooperative price action has left the asset exposed to an outsized move once the standoff at $1 resolves, with automated market maker liquidity and AI trading bot flows likely to exaggerate the first breakout.

COINOTAG’s proprietary 42-indicator composite S/R scoring engine rates the immediate floor at $0.9870 at 85/100, driven by the confluence of S2, the Keltner Lower and Bollinger Band Lower. Above, the $1.0975 resistance scores 59/100, with the Donchian Upper and BB Upper feeding the reading, while $1.0160 (R1 and EMA 20) is the first intraday hurdle. Funding rates sit at 0.0022%, open interest at $758.3 million and the long/short account ratio at 3.75 — a heavily long-leaning book that could fuel an upside squeeze or amplify a break lower. Fear & Greed at 41/100 keeps sentiment cautious. A sustained close below $0.9870 would invalidate the near-term bullish thesis, while reclaiming $1.0160 would signal that buyers are regaining control.