Whale Watch: XRP’s $700M Splash Makes Waves 🐳💰

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In the ever-chaotic world of cryptocurrency, where every twitch can set off a frenzy, the whales have once again surfaced to make their grand entrance. Whale Alert, the digital equivalent of a maritime lookout, has flagged a colossal XRP transfer that has sent ripples through the XRP community. A staggering 200,000,005 XRP, worth a cool $700,609,232, was whisked away between two enigmatic wallets, leaving behind a trail of speculation and gossip. 🌊💰

200M XRP Moved Back to Back

Amidst the chatter, some speculate that this could be an ancient whale finally cashing out after XRP’s recent price surge. However, XRPwallets, the oracle of all things XRP, clarified that the XRP originated from a Ripple wallet, active since June 2020, and was dispatched to a new subwallet. What’s more, this isn’t just any ordinary transfer; it’s the second of its kind within a very short timeframe, raising more than a few eyebrows. 🧐

Ripple 46 to Ripple subwallet

Activated June 2020 with 200M XRP. Sent to new wallet address today. This is now the second transaction of same amount and same time frame. Quite interesting. We will be monitoring where these are sent to next.

— XRP_Liquidity (Larsen/Britto/Escrow/ODL/RLUSD) (@XRPwallets) July 23, 2025

Even yesterday, another 200 million XRP, valued at a hefty $687 million, made a similar journey between two unknown wallets. XRPwallets, ever the vigilant observer, noted that this too was a case of Ripple moving funds between its wallets. The transfer saw the funds travel from a wallet opened in 2020 to a newly minted one. Not to be outdone, another significant Ripple-linked transfer of 210 million XRP ($738M) was also tracked. It seems the whales are not just swimming but performing synchronized dives. 🏊‍♂️;

XRP Eyes $5.85 and $9.76 Next

The crypto community is abuzz, as whale transfers often signal strategic maneuvers—taking profits after a price surge, preparing for big trades, or perhaps bracing for the inevitable market turbulence. XRP has been on a roll, smashing new highs with aplomb. It currently trades at $3.47, a modest 0.5% increase in the last 24 hours. 📈

Analyst Dark Defender, a name that sounds more suited to a medieval knight than a market guru, suggests that XRP is poised for its next big move, eyeing the lofty targets of $5.85 and $9.76, based on Fibonacci levels. With support levels holding firm at $3.39 and $3.52, it seems XRP is gearing up for another ascent. 🚀

XRP Gets Spotlight in Bitwise ETF Approval; But Approval On Hold

Just when you thought the drama couldn’t get any more dramatic, the SEC initially approved Bitwise’s plan to convert its Bitwise 10 Crypto Index Fund (BITW) into a spot ETF, which includes XRP alongside BTC, ETH, SOL, and others. This would have been a monumental step for XRP, signaling a move towards full regulatory recognition. 🎉

However, in a twist worthy of a Shakespearean tragedy, the SEC abruptly hit the pause button on the approval, casting a shadow of uncertainty over the crypto ETF landscape. Despite this setback, XRP’s inclusion in top-tier ETFs is a clear sign of growing institutional interest. Only time will tell if the SEC will relent and allow the ETF to sail into the sunset. 🌅

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2025-07-23 12:37