XRP Price Holds $2.17 as Ripple Moves Millions—Crash or Buy Opportunity?

XRP Price Faces Pressure After Ripple Transfers $283 Million in Tokens

XRP Price – Ripple Labs has moved a massive 130 million XRP to multiple unknown wallets, raising eyebrows across the crypto community. The transfers, reported by on-chain analytics platform Whale Alert, come at a time when XRP price faces significant bearish pressure, sparking speculation about whether a deeper correction is on the horizon.

Ripple Transfers Spark Price Speculation

According to Whale Alert on June 2, the Ripple-associated wallet “Mb3PEv” transferred a total of 130 million XRP, valued at over $283 million, to three separate addresses.

• The first and largest transfer was $109 million XRP sent to wallet “DJoAys.”
• Two additional transfers totaling 40 million XRP (worth approximately $87.32 million) were sent to two other unknown wallets.

These transactions occurred shortly after Ripple’s monthly escrow unlock, a recurring event that often precedes increased token movement. Notably, historical data reveals that similar XRP transfers from the same Ripple-linked wallet to these unknown addresses also took place in December. One of the recipient wallets is believed to be associated with Chris Larsen, Ripple’s co-founder and executive chairman.

Such large-scale movements, especially during periods of market uncertainty, frequently raise concerns of potential XRP sell-offs and their impact on short-term price action.

XRP Price Analysis: Bearish Technical Signals

At the time of writing, XRP trades at $2.17, showing sideways movement within a narrow 24-hour range of $2.13 to $2.19. Despite a 4% uptick in trading volume, market sentiment remains muted, weighed down by renewed global tariff concerns and broader macroeconomic uncertainty.

Technically, XRP has formed a ‘death cross’ pattern on the daily chart — a bearish signal that occurs when the 50-day Simple Moving Average (SMA) crosses below the 200-day SMA. This pattern historically precedes significant downward momentum.

Other indicators provide further evidence of a weakening trend:

• Relative Strength Index (RSI) is currently at 40, approaching oversold territory, suggesting diminishing buying pressure.
• Bollinger Bands and Exponential Moving Averages (EMA) — although not visible in this snapshot — also indicate narrowing volatility and a potential breakdown in price.

These patterns may discourage bullish traders, particularly those wary of heightened regulatory and geopolitical risks.

Market Driven by Leverage and Speculation

According to on-chain intelligence platform CryptoQuant, the recent XRP price surge leading up to mid-May was driven heavily by leveraged positions. This type of price action, fueled more by speculation than fundamentals, introduces higher volatility and increases the risk of sharp reversals.

“Such leveraged activity could eventually present a good shorting opportunity, provided it’s carefully managed,” CryptoQuant noted. However, with sentiment hanging in the balance and macro concerns such as U.S. tariff policies back in focus, most traders are adopting a wait-and-see approach.

What’s Next for XRP?

While community optimism continues to revolve around factors like:

• Potential XRP ETF approval,
• The idea of XRP as part of the U.S. strategic crypto reserve, and
• Institutions considering XRP as a reserve asset,

these speculative narratives have yet to be backed by concrete developments. Without such confirmation, XRP remains vulnerable to both internal market shifts and external economic pressures.

Some analysts suggest that XRP could retest lower support zones if current bearish momentum persists. However, should tariff uncertainties ease and liquidity return to the broader crypto market, buy-the-dip strategies may emerge — especially as RSI approaches oversold levels.

Conclusion

The transfer of 130 million XRP by Ripple has once again put XRP in the spotlight, coinciding with technical weakness and uncertain macro conditions. While long-term holders remain hopeful, short-term signals suggest caution as XRP price hovers around $2.17, with further downside risk not off the table.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.