Ripple Labs, known for its fast, low-cost cross-border payments, has transferred a total of 55 million XRP, worth over $80 million, in two separate on-chain transactions, drawing renewed attention across the crypto market.
The movements come as XRP trades around $1.47, down nearly 4% over the past 24 hours amid a broader market pullback.
On-chain data shows the transfers occurred in two parts. The first transaction involved 20 million XRP moved earlier in the day.
A second transaction later shifted 35 million XRP, valued at approximately $50.8 million, to an unknown wallet. Both transactions were executed with minimal fees of just 0.000015 XRP, highlighting the efficiency of the XRP Ledger regardless of transfer size.
Not everyone reading the movements sees cause for alarm or excitement.
One X user said that the transfers are entirely consistent with Ripple’s routine operational practice of moving XRP into liquidity wallets that support its Payments service, previously known as On-Demand Liquidity.
Meanwhile, crypto analyst Oscar Ramos has outlined a bullish long-term outlook for XRP, suggesting the token could reach between $4 and $4.50 in the next market cycle.
His floor call is straightforward: XRP is not going back below $1. The token held that level through multiple shakeouts in October, January, and March despite sustained pressure, and Ramos considers that floor structurally confirmed.
Ramos’ broader thesis is based on several macro and institutional developments:
- Bitcoin could reach $150,000–$200,000 in 2026
- BlackRock may enable Ethereum staking within its ETF
- A potential third BlackRock crypto ETF could include XRP
- XRP could break $4, with price discovery extending to $4.20–$4.50
As of now, XRP is trading at $1.46, down by 3.93%. The recent decline reflects short-term selling pressure, even as long-term projections remain optimistic.
However, the $4 price target, meanwhile, remains a longer-term outlook driven by broader market conditions and institutional adoption trends.
