Ripple has once again stirred the crypto world, moving over $1.1 billion worth of XRP on May 1. The transaction, flagged by Whale Alert, showed 500 million XRP swiftly moving across Ripple wallets. While it raised eyebrows, on-chain data confirmed that these were part of Ripple’s monthly escrow unlocks, not transfers to external wallets.
Out of the 1 billion XRP unlocked, Ripple relocked 700 million coins, easing concerns about dumping. The firm first relocked 500 million XRP, followed by 170 million and 30 million in two separate transactions.
This development came amid reports that Ripple offered to acquire USDC issuer Circle for $4–5 billion. However, Circle rejected the deal, calling the offer too low. Ripple already has its RLUSD stablecoin, which recently crossed a $300 million market cap.
On the price front, crypto analyst CasiTrades highlighted a critical retest for XRP at the $2.25 level. She explained that XRP is now forming subwaves, with a possible dip to $1.90 before a bigger move upward. She noted that XRP’s RSI is showing signs of exhaustion on lower timeframes, hinting the correction may soon end.
CasiTrades believes XRP could soon flip $2.25 and rally toward $2.68, $3, and beyond. She called this dip the “final flush” before liftoff.
With Ripple’s major XRP movement and potential expansion in the stablecoin space, all eyes are now on how the XRP price action unfolds this month.
Also Read: XRP Price Prediction May 2025: Ripple Poised for 35% Rally?
