Ripple’s XRP: Price Surge and Recent Transfer

Ripple’s XRP has been one of the hottest cryptos in the market thanks to its impressive price performance, especially after US President Donald Trump’s reelection.

Trading below $1 for most of 2024, XRP hit its stride days after the November elections, breaking the $1 level on November 6th, the $2 barrier by December 2nd, and surging past $3.30 on January 18th.

Now, Ripple is back in the news for moving 200 million XRPs valued at around $457 million. This massive transfer, often associated with “whale transactions,” caught the attention of many and has led to speculation.

Is The SEC-Ripple Case Nearing Its Settlement?

The latest XRP transfer caught the attention of Whale Alert (@whale_alert) and was promptly re-circulated on the popular platform. Interestingly, Ripple regularly transfers XRPs, including its scheduled release of 1 billion XRP monthly from its escrow to sustain the token’s circulation.

Although most of Ripple’s transactions are routine, this recent transaction gained attention for its size and timing.

> 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 200,000,000 #XRP (457,581,314 USD) transferred from #Ripple to unknown wallet https://t.co/XRE0jAsB40
> — Whale Alert (@whale_alert) March 13, 2025

Market Waiting For Decision On SEC Vs. Ripple

Ripple’s latest huge asset transfer comes as the SEC’s case against Ripple nears settlement. Reliable sources indicate that the delay in resolution is due to Ripple’s efforts to negotiate a favorable settlement.

One controversial issue in the case is the August district court ruling, which fined Ripple $125 million and restricted the company from selling its native token to institutional buyers.

XRP’s Price Roadmap

As Ripple continues its negotiations with the SEC, investors and traders are actively watching the token’s market performance. Some analysts believe the token has already completed its price correction using a four-hour time frame.

There are plenty of price predictions for XRP, with some commentators suggesting it can initially hit $2.42 before making a bullish run. Once XRP’s price emerges from the “Ichimoku clouds,” higher highs are expected.

Currently, the token’s support is at $2.04 and $2.22, and many expect XRP to face short-term volatility. However, the biggest push for the token will come from a favorable resolution of its SEC case, which could see prices reach $4.25 or even $5.80.

Featured image from Newsbit, chart from TradingView