In recent XRP news, Ripple whales have transferred a total of $782 million worth of XRP, raising market attention. Two large XRP transactions were recorded, with 70 million XRP ($148.3 million) and 300 million XRP ($633.7 million) moved to unknown wallets.
These activities happened just as the U.S. Federal Reserve confirmed that interest rates will remain unchanged. While crypto prices responded with slight declines, XRP price has remained above key support levels.
Ripple Whales Move 370M XRP Coins
Whale Alert, a blockchain tracking platform, reported that a total of 370 million XRP tokens were moved in two large transfers by Ripple whales. The first transaction saw 70 million XRP moved from one unidentified wallet to another. Shortly after, a second transfer of 300 million XRP came directly from Ripple to another unknown wallet.
These transactions occurred within one hour of each other and have raised speculation about internal reshuffling or strategic positioning. At the time of these transactions, XRP price was trading just above the $2.10 level. The price remained stable despite broader crypto market weakness following the Federal Reserve’s rate announcement.
According to Santiment, Ripple whales holding between 1 million and 10 million XRP have grown their share to 9.44% of total supply, up from 8.24% in January, showing possible long-term interest.
Federal Reserve Maintains Rates, Crypto Shows Mixed Response
The Federal Reserve confirmed it would hold interest rates steady, aligning with market expectations. Chair Jerome Powell stated that economic conditions do not yet warrant a rate cut. Crypto markets, including XRP, saw slight declines after the announcement.
Interest rate policy is closely watched by crypto investors. Lower interest rates can drive money into higher-risk assets, including cryptocurrencies. Since borrowing becomes cheaper, more capital can flow into markets like crypto, while traditional saving methods become less attractive.
In contrast, unchanged rates may slow down such inflows. XRP’s resilience above $2.10 suggests that Ripple whales and other large holders may be positioning for a long-term move rather than reacting to short-term macroeconomic decisions.
XRP Ledger Advances as Ondo Finance Prepares Treasury Fund Launch
Another key development in XRP news is the announcement from Ondo Finance about launching its tokenized U.S. Treasury fund on the XRP Ledger. Named Ondo Short-Term U.S. Government Treasuries (OUSG), the fund is expected to go live within six months.
It will use Ripple’s RLUSD stablecoin for minting and redemption. The move is intended to provide 24/7 access to U.S. government-backed assets through the blockchain. This represents a shift toward institutional-grade services on the XRP Ledger.
Meanwhile, in other XRP news, Ripple confirmed it will no longer publish its quarterly market reports. The company stated that these reports have been misused during legal proceedings, particularly during the SEC lawsuit. This move marks the end of an eight-year tradition that Ripple had followed to promote transparency.
XRP Price Technical Outlook Amid Ripple Whale Move
XRP price is currently holding above a support level of $2.10. Despite low momentum, this level has provided a base for potential price increases. The technical chart shows a primary support zone between $1.60 and $1.80 and a secondary zone between $1.85 and $2.00. These levels are being watched closely by traders.
Short-term resistance is around $2.40, and major resistance is between $2.90 and $3.00. The chart also shows a rounded top near $3.80, indicating that XRP recently went through a period of distribution. Market watchers note that XRP could retest the $1.85–$2.00 range before seeing a potential bounce.
Technical indicators are also presenting mixed signals. The 50-day Simple Moving Average (SMA) is trending downward and nearing the 200-day SMA. If they cross, a bearish pattern “death cross” could appear, often linked to further downside pressure.
The post XRP News: Ripple Whales Moves $782M As Fed Leaves Rate Unchanged appeared first on CoinGape.
