15th March 2025 – (New York) Ripple’s XRP has emerged as a standout performer in the cryptocurrency market, propelled by its remarkable price trajectory following the reelection of U.S. President Donald Trump. Trading below $1 for most of 2024, XRP broke past $1 on November 6th, shortly after the election, and continued its upward momentum, surpassing $2 by December 2nd and reaching $3.30 by 18th January.
The cryptocurrency is back in the spotlight, this time for a substantial transfer of 200 million XRP, valued at approximately $457 million. This large-scale transaction, often referred to as a “whale transfer,” has sparked widespread speculation within the market.
The transaction, flagged by Whale Alert (@whale_alert), has drawn significant attention. Ripple routinely transfers XRP, including its scheduled monthly release of 1 billion XRP from escrow to maintain token circulation. While most of these transfers are standard practice, the scale and timing of this latest move have raised eyebrows.
The sizeable XRP transfer coincides with growing anticipation surrounding the U.S. Securities and Exchange Commission’s (SEC) ongoing case against Ripple. According to insider reports, Ripple is actively negotiating for a favourable settlement, which has delayed the case’s resolution.
One contentious point in the dispute is an August district court ruling that fined Ripple $125 million and restricted the company from selling XRP to institutional buyers. A resolution of the case could significantly impact XRP’s market trajectory.
As the legal battle unfolds, investors and analysts are closely monitoring XRP’s price movements. Some analysts suggest the token recently completed a price correction using a four-hour timeframe. Predictions indicate that XRP could initially target $2.42 before advancing further.
The token’s current support levels are $2.04 and $2.22, with expectations of short-term volatility. However, a favourable outcome in the SEC case could act as a major catalyst, pushing XRP’s price to as high as $4.25 or even $5.80, according to market forecasts.
