Monitoring high-value cryptocurrency movements has moved enormous amounts of cryptocurrency over the past two hours, according to the respected blockchain detective Whale Alert. The transfer carried the fourth-largest coin, XRP, worth almost $107 million.
This coincided with the substantial movement of XRP prices caused by recent significant developments in the market.
$106,691,613 for XRP on the move
The above source revealed that a significant amount of 46,495,041 XRP, worth $106,691,613, was transferred between two wallets marked anonymous by a Whale Alert. XRPSCAN did not shed any light on the source or destination wallets, but confirmed that the owner is unknown.
🚨🚨🚨🚨46,495,041 #xrp (106,691,613 USD) transferred from unknown wallet to unknown wallet https://t.co/f7ewc9dttk
– Whale Alert (@Whale_Alert) May 9, 2025
Still, this blockchain transfer has sparked hot debate in the XRP community, such as the nature of his dealings, whether the XRP Bull is back, whether it is the purchase or sale of OTC.
XRP price jumps 9.48% in light of these developments
The price of XRP shook from market volatility, first rising 4.25%, then 1.49%, and now it has risen again by 2.13%. At the time of writing, XRP has changed hands at $2.3409. Overall, the price surge since Thursday consists of 9.48%.
One of the triggers for this price surge was Bitcoin, the bullish price action for the world’s largest cryptocurrency. On Thursday, BTC surpassed the expected $100,000 level, reaching $103,800 for the first time since January.
Another important driver is that the SEC submitted an official letter to Justice Analisa Torres, who led the SEC-Ripple case, confirming that the regulators have reached a final agreement with Blockchain Company Ripple and resolved a legal war that had lasted almost five years.
