Ripple Labs, known for its fast and inexpensive cross-border payments, transferred a total of 55 million XRP worth over $80 million in two separate on-chain transactions, drawing new attention in the crypto market.
These movements occur against the backdrop of XRP trading around $1.47, which has decreased nearly 4% over the last 24 hours amid a broader market decline.
What actually happened on-chain
Data on the blockchain shows that
that the transfers occurred in two parts. The first transaction involved 20 million XRP, transferred earlier the same day.
The second transaction later transferred 35 million XRP, valued at approximately $50.8 million, to an unknown wallet. Both transactions were executed with minimal fees of only 0.000015 XRP, highlighting the efficiency of the XRP Ledger regardless of the size of the transfer.
Not everyone reading these movements sees cause for alarm or excitement.
One X user noted that the transfers fully align with Ripple's usual operational practice of moving XRP to liquid wallets that support their payment service, previously known as On-Demand Liquidity.
The analyst set a price target for XRP between $4 and $4.50
Meanwhile, crypto analyst Oscar Ramos outlined (the interview is on YouTube) an optimistic long-term forecast for XRP, suggesting that the token could reach between $4 and $4.50 in the next market cycle.
His choice on the floor is simple: $XRP will not drop below $1. The token held this level during several shakes in October, January, and March, despite prolonged pressure, and Ramos believes this minimum is structurally confirmed.
Ramos' broader theory is based on a number of macro and institutional developments:
Bitcoin could reach $150,000–$200,000 in 2026
BlackRock may allow Ethereum staking in its ETF
Potential third crypto ETF from BlackRock could include XRP
XRP could surpass $4, with the price estimate increasing to $4.20–$4.50
Where XRP stands now
Currently, XRP is trading at $1.44,
down 3.93%. The recent decline reflects short-term selling pressure, despite long-term forecasts remaining optimistic.
However, the price target of $4, meanwhile, remains a long-term forecast conditioned by broader market conditions and trends of institutional adoption.
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