A significant transfer of 44.1 million XRP (worth $97 million) was recorded on May 31, 2025, from Turkish exchange Paribu to an unknown wallet. This move, flagged by analyst Xaif, signals potential accumulation by institutional investors amid conflicting market sentiments.
Key Details of the XRP Transfer
- Amount: 44,100,000 XRP
- Source: Paribu exchange
- Destination: Unknown wallet ("rKeWg9")
- Transaction Fee: 0.00001 XRP
- Timing: May 31, 2025, 09:51 AM UTC
👉 Why whales move crypto off exchanges
Market Implications
Large off-exchange transfers often indicate:
- Long-term holding, reducing immediate sell pressure.
- Strategic positioning by high-net-worth investors anticipating price surges.
- Psychological impact on retail traders, fostering bullish sentiment.
XRP Price Forecast: Giga Pump Ahead?
Analyst Amonyx predicts a "giga pump" for XRP, citing:
- A symmetrical triangle breakout on monthly charts (similar to Bitcoin’s 2016 pattern).
- Fibonacci targets at $27.16** (1.618 extension) and **$71.41 (1.902 extension).
- Current price: $2.19 (+1.33% in 24 hours).
FAQs
Q: Why do whales transfer crypto to private wallets?
A: To secure holdings for long-term investment, minimizing exchange-related risks.
Q: Could this transfer trigger an XRP rally?
A: While not guaranteed, large accumulations often precede upward momentum.
Q: What’s the significance of Paribu as the source?
A: Highlights growing institutional interest beyond Western exchanges.
👉 How to track whale movements
Conclusion
The 44M XRP transfer underscores strategic confidence in XRP’s long-term value. With technical analysts projecting a breakout, this move could catalyze renewed bullish momentum.
Disclaimer: This content is for informational purposes only and does not constitute financial advice.
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