Ripple’s $606M XRP transfer raises eyebrows

XRP shows signs of recovery as Ripple makes the big move.

• The big move. Ripple shifted 200M XRP on Aug. 18 to an unknown wallet.

San Francisco-based blockchain company Ripple has stirred speculations with a mysterious transfer involving millions of XRP. On August 18, on-chain tracking platform Whale Alert spotted a major transfer from Ripple involving 200,000,000 XRP. According to the data provider, Ripple had moved a mega amount of XRP to an unknown address. The transfer was worth over $606 million per XRP’s price at the time the transfer was executed. 

• Market context. Transfer happened during a market-wide downturn.

The massive XRP transfer from Ripple has sparked reactions across the community as the destination of the transferred assets remained anonymous. While market watchers have been closely monitoring on-chain moves like this, they have expressed curiosity as to whether the move could be the firm preparing for institutional deals or probably redistributing its reserves.

• Bullish view. Could signal private accumulation or strategic positioning for XRP adoption.

With the move coming amid a broad crypto market bloodbath, investors fear that the move might be Ripple preparing to dump its holdings ahead of deeper price declines. Following the anonymous nature of Ripple’s giant move on XRP today, the lack of clarity on the destination of the transfer has fueled discussions about whether it could be tied to upcoming private accumulation which may be bullish for XRP’s potential price.

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Shiba Inu price struggles at thin support

Shiba Inu coin holders better buckle up as SHIB price is on verge of adding zero.

• Key support level. $0.0000120 — repeatedly tested, now at risk of breaking.

SHIB is trading at $0.0000126 right now. The only thing holding it back from dropping into new territory is thin support at $0.0000120. SHIB price has been moving in tight waves this summer: a brief 8.9% gain in July, followed by a drop in August. 

Its support line has been tested several times on the daily chart, with each rebound losing strength. If it breaks, the token will reach areas last visited in Q1, when sentiment was far weaker.

• Bigger picture. 2025 marked by persistent monthly losses.

The weekly candles show the difficulty of this year. After the surge in 2024, SHIB failed to keep up. The year started with losses of 10.9% in January, followed by 26.1% in February, and red in March and June. Despite sporadic recoveries, the coin has been dropping for months.

For SHIB, the next few weeks are going to be important. The community needs to find enough buying power to hold steady above support and set up for a late-year push. They did it last November with a 49% rally, after all. If not, the charts are set to lock in the new reality of another zero. 

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Ethereum (ETH) price dip warning

Chris Weston, head of research at Australian trading firm Pepperstone, believes that traders should wait for ETH to regain its momentum.

• Key view. Traders should avoid rushing into dip-buying ETH.

Chris Weston, head of research at Australian trading firm Pepperstone, argues that traders should not rush to buy the Ethereum (ETH) dip. “As we see on the daily [chart], the time for patience on new longs is needed…” Weston said. Momentum buying instead of dip buying The trader has predicted that the price of the flagship altcoin could potentially drop back to the $4,100 level, which is the previous “breakout level.” 

• Market context. ETH fell to $4,233 intraday low.

Weston has opined that it would be more prudent to wait until the dip is bought by others and ETH regains its momentum. Earlier, the price of the leading alternative cryptocurrency plunged to an intraday low of $4,233, which is the lowest level since Aug. 12. That said, the cryptocurrency is still up by nearly 15% this August after surging by as much as 49% in July. 

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Ripple’s stablecoin RLUSD grew 32.3% in supply between June and July, surpassing $600 million.

This was the second most significant growth in supply among stablecoins with over $500 million in supply growth, lagging only Ethena Labs’ USDe, which grew 63.4% in the same period.

RLUSD has been in a strong growth trend since May, nearly doubling its supply as of July 31. The stablecoin’s market cap jumped from $309 million to $455.3 million between May and June, an over 47% increase. In August alone, it had already grown 3%.

Furthermore, RLUSD surpassed $11 billion in cumulative transfer volume in 2025. The stablecoin registered a new monthly all-time high in July, with $3.3 billion in volume across different venues, an amount 27% larger than June.

Notably, RLUSD has never dipped below $1 billion in monthly trading volume since April, when it crossed this threshold for the first time by registering $1.8 billion in volume.

The growth occurred in the same month that Ripple made efforts to increase RLUSD’s market share.

First, Ripple CEO Brad Garlinghouse announced the company was seeking a national banking charter for RLUSD. In addition to the stablecoin’s registry with the New York Department of Financial Services, this would make RLUSD the first stablecoin under state and federal oversight in the US.

On July 9, Ripple announced BNY Mellon as its custodian partner.

The company then moved to a multi-pronged global strategy to expand RLUSD’s market share. In the United States, the Federal Reserve’s formal adoption of the ISO 20022 messaging standard rewarded Ripple’s positioning as the first blockchain-focused company to join the ISO 20022 Standards Body in 2020.

At the same time, Ripple is reportedly advancing a significant entry into the European market by making RLUSD MiCA-compliant, anchoring the effort with a strategic base in Luxembourg.

However, not everyone is convinced that RLUSD’s growth is organic. Blockchain investigator ZachXBT questioned if Ripple’s stablecoin user base was authentic, before deleting its social media post.

Voicing his concerns differently, the investigator said he trusts other stablecoin issuers “infinitely more than Ripple,” such as Circle, Paxos, and Tether.

Mentioned in this article

Crypto Writer

Arslan Butt

Crypto Writer

Arslan Butt

About Author

Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis…

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Last updated: 

July 5, 2025

XRP price is trading at $2.22 with a neutral bias, despite a minor 0.58% dip in the past 24 hours. The XRP/USD continues to trade over the critical $2.20 support level, bolstered by Ripple’s aggressive push into traditional finance. The company recently filed for a U.S. national banking charter with the Office of the Comptroller of the Currency (OCC) and is also seeking a Federal Reserve master account.

If successful, these moves could integrate Ripple directly into the U.S. payments infrastructure — an unprecedented development for a crypto-native entity. The news has revived optimism among traders, who are eyeing a possible long-term surge to $10.

Meanwhile, institutional sentiment is improving, driven by:

• Ongoing speculation of an XRP ETF filing
• Ripple’s central bank digital currency (CBDC) partnerships across 50+ countries
• Broader adoption in cross-border payments infrastructure

These indicators are reinforcing a solid fundamental backdrop in XRP, even as cryptocurrency markets stays in a state of cautious consolidation.

Institutional Flows and ETF Rumours Fuel Speculative Targets

XRP’s demand among institutions is growing despite macro uncertainty. Ripple’s continued engagement with regulators, including its pro-CBDC positioning, has made the asset a top contender for ETF consideration.

Traders and analysts point to a scenario where ETF approval, combined with regulatory clarity and Ripple’s potential U.S. banking license, could propel XRP toward the $10 mark — a level once thought speculative but increasingly discussed.

• Banking License: May grant Ripple direct access to U.S. payment rails
• ETF Hopes: Could drive retail and institutional inflows
• CBDC Activity: Reinforces global relevance

While the immediate path to $10 isn’t guaranteed, many in the market view Ripple’s alignment with traditional finance as a catalyst that may gradually close the gap.

XRP Technical Outlook – Watching the $2.23 Barrier

From a technical perspective, XRP remains well-supported. The 2-hour chart shows the price respecting a rising trendline from the June 23 low, with the 50-SMA ($2.2281) and 100-SMA ($2.2079) forming a critical support zone.

XRP price prediction and its price action have been tightening into a wedge near $2.23, a resistance level that has been tested multiple times but not yet breached. Candlestick formations are neutral to indecisive, including spinning tops, signalling a volatility squeeze.

If bulls manage a breakout above $2.2340 on substantial volume, XRP could quickly target $2.2822 and $2.3400. Conversely, a break below $2.20 may invite a pullback toward $2.147 or even $2.084.

XRP Trade Setup – Breakout in the Making:

• Entry: Above $2.23 on bullish confirmation
• Targets: $2.2822 → $2.3400
• Stop-Loss: Below $2.20 trendline
• Bias: Bullish while above 100-SMA

With Ripple’s institutional alignment deepening and price holding above support, XRP remains one of the most closely watched altcoins in 2025.

Bitcoin Hyper Presale Surges Past $1.92M as Price Rise Nears

Bitcoin Hyper ($HYPER), the first Bitcoin-native Layer 2 powered by the Solana Virtual Machine (SVM), has surpassed $1.90 million in its public presale, with $1,927,122 raised out of a $2,373,526 target. The token is priced at $0.012125, with the next price tier expected within hours.

Designed to merge Bitcoin’s security with Solana’s speed, Bitcoin Hyper enables fast, low-cost smart contracts, dApps, and meme coin creation, all with seamless BTC bridging. The project is audited by Consult and engineered for scalability, trust, and simplicity.

The golden cross of meme appeal and real utility has made Bitcoin Hyper a Layer 2 contender to watch in 2025. With staking, a streamlined presale, and a full rollout expected by Q1, $HYPER is gaining serious traction.

Amina Bank, a financial institution focused on Swiss Crypto, has announced that it will provide custody and trading services to Ripple’s RLUSD Stablecoin.

On July 3, 2025, Crypto Bank, regulated by Swiss Finma (financial market regulator), said in a press release:

Commenting on the development, Myles Harrison, Chief Product Officer of Amina Bank, said, “We are proud to be the first bank to support RLUSD and give our clients access to one of the most anticipated digital assets on the market.”

In: Becomes the first global bank supported by Switzerland-based Amina Bank @rippleNew Stablecoin $ rlusd -Coindesk

strong #xrp pic.twitter.com/e0ehfaah7x

– amonyx (@amonbuy) July 3, 2025

“Ripple’s commitment to transparency and compliance will be an ideal collaborator as we continue our mission to expand agency-grade digital asset services,” added Harrison.

Discover: Best Meme Coin ICO to Invest today

Amina targets institutional clients and professional investors

Additionally, Amina plans to expand its RLUSD-related services in the coming months. This reflects the growing demand for digital assets in the financial sector. Importantly, Switzerland has established itself as a global leader in crypto innovation, and Zug is often referred to as the “Crypto Valley.”

“Our goal is to bridge the gap between traditional banking and the emerging world of digital assets, providing clients with secure, regulated access to innovative financial products,” said Amina Bank CEO.

Therefore, banks that have developed Ripple stubcoin can encourage other Switzerlands And then the international banks chase the lead.

Discovery: Next 1000x Ciphers: 10+ Ciphers tokens that could hit 1000X in 2025

U.S. Bank License Ripple Files for XRP and RLUSD

Ripple drives power

➤ $ xrp Breaking down trends for several months

➤ $ rlusd Supported by Amina Bank

➤ Ripple applies to US Bank Charters

XRP is becoming part of the US banking system. pic.twitter.com/0ak9cdib9f

– Alexia (@alex1i9) July 4, 2025

In particular, the company behind XRP has applied for a national banking charter in the US, aiming to put RLUSD Stablecoin directly under federal oversight. this It’s not just about checking the boxes. This is a strategic attempt to give RLUSD a stronger foundation. It also opens the door to a deeper role in the financial system. If approved, the Ripple Banking license allows the company to retain its Fed and direct RLUSD reserves.

Ripple CEO, Blood Girling House, RLUSD has publicly confirmed the application, noting that it is already operating under New York’s financial regulator. Obtaining a national charter through the Office of the Secretary of Currency (OCC) will expand its coverage and state-level approval will blend federal government credibility. It is also a signal to investors, regulators and institutions who want RLUSD. I’ll be taken away Seriously.

Read more: US Bank License Ripple Files for XRP and RLUSD

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CoinRoutes chief executive Dave Weisberger detonated a fresh round of anxiety in the XRP market on Monday when he asked, on Scott Melker’s podcast, whether Ripple Labs could finance a takeover of Circle “for $10 to $20 billion” without off-loading roughly $10 billion in XRP. “Who’s going to buy the $10 billion worth of XRP they would need to sell out of their treasury?” Weisberger said, warning that a sudden supply surge could overwhelm order books and “hammer the price.”

Is A XRP Sell-Off Conceivable?

Within hours, pro-XRP attorney Fred Rispoli fired back on X. “I love @daveweisberger1, but on this point he is mcgloning so hard,” he wrote, invoking Bloomberg strategist Mike McGlone’s reputation for bearish hyperbole. “Just based on what I’m getting offered for my Ripple shares on the secondary market, I don’t think Ripple would even have to sell one XRP to buy Circle.” Rispoli agreed that Ripple cannot raise $10 billion in pure cash, yet insisted the company could “easily afford the acquisition for a mix of cash and debt” and a heavy equity-swap.

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When Weisberger replied that Circle’s board would likely demand hard dollars unless it accepted Ripple equity or XRP “without a haircut,” Rispoli dug in. “No way to get $10B in cash—and $10B is too high anyway,” he wrote, citing late-2024 private-research valuations that placed Ripple at $15 billion excluding its ~36 billion escrowed XRP. If Circle’s price tag fell to $7–9 billion, he said, Ripple could close with “$1–3 billion cash on hand, a heavy stock exchange, and debt,” especially with “all that GCC money sloshing around crypto world right now.” Rispoli conceded it would be “a reach” but “doable without meaningfully selling XRP.”

Weisberger acknowledged the math—“That’s a reasonable analysis,” he wrote—yet cautioned that any price at the upper end of Rispoli’s range “could be some short-term pain for us XRP holders.”

Ripple’s tender-offer buyback in January 2024 valued the company at $11.3 billion, disclosing more than $1 billion in cash and about $25 billion in digital assets—mostly XRP—on its books. The firm still controls roughly 52 billion XRP (about 40 percent of supply), though 36 billion sit in timed escrow releases, limiting immediate access. At today’s $2.20 spot price, the spendable portion is worth a little under $35 billion, but moving even a fraction quickly would collide with thin venue depth—a point Weisberger hammered home.

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Ripple’s cash pile also shrank after its $1.25 billion purchase of prime broker Hidden Road in April, a deal settled with a blend of cash, equity and RLUSD stablecoins. That acquisition suggests the company prefers hybrid structures, bolstering Rispoli’s claim that Treasury XRP need not flood the market.

Is Circle Even For Sale?

The debate may be academic. Circle, issuer of USDC, has repeatedly declared it “not for sale” while marching toward a New York Stock Exchange listing that now targets a $7.2 billion valuation. Ripple’s rumored approach earlier this spring reportedly topped $5 billion, well below Weisberger’s stress case and within Rispoli’s “doable” band, but Circle rebuffed the talks and updated its S-1 two weeks later, enlarging the float rather than seeking a buyer.

Strategically, Ripple already fields its own dollar-token RLUSD, launched in January and positioned by president Monica Long as “complementary to XRP, not a competitor.” Absorbing USDC’s issuer would instantly rocket Ripple towards the size of Tether.

Even under Rispoli’s optimistic structure, Ripple might still need to liquidate several hundred million dollars’ worth of XRP for working capital and closing costs. At current volumes, unloading just 500 million XRP (≈ $1.1 billion) would equal half a week of global turnover—enough to distort price unless executed as private blocks.

At press time, XRP traded at $2.19.

Featured image created with DALL.E, chart from TradingView.com