A single XRP transaction over $5 billion failed to move the market, causing concern among community experts.
These concerns became clear, particularly as XRP failed to reflect recent market momentum. Push Bitcoin (BTC) Until the price discovery stage. Specifically, BTC has changed hands over $111,000 for the first time in history. The asset recently violated its previous all-time high of $109,000.
Despite the recent milestones of Bitcoin, XRP It will trade at the bottom of the $2 price region and will trade at $2.4 this week, down just 0.6%. Amid this stagnation of prices, market participants hope that the pressure of intense buying will contribute to the increase.
Following the $500 M+ XRP move, experts point to market manipulation
However, some experts believe they believe they are suggesting that, at least, prices should have been turned north following the recent whale trade. For context, the whale withdraws XRP 2,36.98 million worth of $567 million from Kraken in one transaction yesterday.
“Stellar Expert” is a specialist in the XRP and XLM community, bringing the spotlight to the deal; It is called attention The transaction noted that despite the magnitude of the movement, the XRP price did not inflate.
He pointed out that purchasing pressure from the transaction should at least contribute to price increases, but XRP charts did not see pumps or wicks, but there was zero excitement within the market.
Stellar experts asked if this was a market or a simulation. This is a question that even the most loyal XRP advocates believe they will ask at this point. He says that if the market cannot respond actively to influxes of more than $5 billion, after that Something is wrong.
In particular, Digital G, another pseudonym community commentator and former London fund manager, also made similar comments.
If a whale buys more than 1.5 billion XRP without flickering at the unit price of XRP a few hours ago, you will certainly doubt that this whole XRP market has some basic problems. pic.twitter.com/kpm2w9afgu
– DigitalG (@DigitalG15) May 21, 2025
He said that if such a large transaction does not affect even a small price push, market participants will suspect that there are some issues with the market. When asked if he believed this could lead to market manipulation, Digital G. I answered In a positive way.
This is what’s going on
but, Look The transaction shows that experts may misinterpret their nature. In particular, data from XRP ledger Indicates that there is a transaction in fact It is a payment that is likely to involve withdrawal from Kraken, and is not necessarily a purchase.
In particular, these transactions are different from actual purchases. simply It involves transferring from an exchange of existing XRP holdings to an unlawful wallet. Such moves are generally bullish and show potential intentions to hold assets for the long term, but not necessarily It affects I’ll exchange the order form.
The only example of how these withdrawals directly affect orders is when a whale recently purchased an XRP token before purchasing it. Outside. Interestingly, Ripple CTO David Schwartz confirmed this in a post, However, it suggested that the whale had likely recently purchased the token.
It’s almost certainly a withdrawal from the XRP exchange. It doesn’t prove that it was recently purchased, but at least there is some possibility.
– David ‘Joelkatz’ Schwartz (@Joelkatz) May 21, 2025
Meanwhile, disclosures from the order form expert dom show xrp surely There are some troubles on the front. Specifically, dom Confirmed That market participants have sold a net volume of 240 million XRP over the past seven days, with most sales pressure coming from Coinbase and Upbit.
