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The $63M Ripple Whale Move That Might Just Break the Internet (And Your Bank Account)

BBG News

So, it’s happened again: A “whale”—and not the ocean kind, but a very rich one—has moved a staggering 29,532,534 XRP, worth a jaw-dropping $63.81 million, from a mysterious wallet to Coinbase. And, of course, this all went down right when XRP is making waves in the crypto world, and not the kind you’d want to see at the beach. XRP is positioning itself as the front-runner in the race for a U.S. spot ETF approval. I’m sure that’s exactly what your grandma is keeping up with, right?

Now, XRP’s liquidity is rising faster than that balloon you let go at your nephew’s birthday party, and some analysts think XRP might actually secure that ETF approval before Solana (SOL), because let’s face it, who doesn’t want to be the best in the crypto schoolyard?

Is XRP’s Liquidity Ready for Prime Time? 👀

XRP’s liquidity has been growing faster than a caffeine buzz. And it’s now officially a contender for the U.S. spot ETF crown. A recent Kaiko Indices market depth study shows XRP and Solana have the deepest 1% market depth on exchanges that don’t immediately smell like a scam. XRP’s liquidity has doubled since late 2024, leaving Solana in the dust, and even Cardano (ADA) looks like it needs a nap.

But wait, it gets even juicier! XRP has had some sweet events working in its favor—like when Teucrium launched a 2x XRP ETF, promising double the daily returns. It made over $5 million on launch day, which is definitely more than you’re probably making at your day job. But don’t feel bad—XRP’s gain is your potential loss!

XRP liquidity growth chart

Despite not having a solid futures market (unlike Bitcoin), XRP has slowly made its mark in the U.S. spot market. And guess what? That caused its market share to skyrocket back to its highest level since the SEC lawsuit in 2021, which—if you forgot—basically caused the market to act like it saw a ghost. Meanwhile, Solana’s market share has taken a nosedive, down to 16% from the 25-30% glory days of 2022. Oops. 😬

The Ripple Effect of SEC Approval 🧐

Things are looking good. Really good. According to crypto analyst TheDefilink, XRP is trading above key support levels on the daily charts. And as indicated by the Ichimoku Cloud (which sounds way cooler than it actually is), the trend is *definitely* bullish. You know, unless you’ve had your eyes closed for the last few weeks. 😴

And don’t even get me started on those whales. Big transfers like the recent 29 million XRP move to Coinbase? Yeah, that’s interest. Add to that the 70 million XRP transfer between two unknown wallets (talk about a suspicious move), and it’s safe to say XRP is on the radar.

Ripple whale transfer chart

Even better, XRP’s Exponential Moving Averages (EMAs) are tightening, which could signal the formation of a golden cross. That’s the pattern that crypto traders geek out over—basically, it’s a technical signal that suggests the price might be heading for a sharp upward movement. But, as with anything in crypto, it’s also a good excuse to daydream about what you’d do with millions of dollars.

As for resistance levels? Keep an eye on $2.23 and $2.50. If XRP can break through that resistance, expect the bulls to charge like they’ve had too many Red Bulls. But if it drops below $1.96? Well, brace yourself for a potential bearish correction—kind of like when your favorite band drops a terrible new album. 🎶

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2025-04-15 18:29

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