Buy Crypto- Markets
Futures- Spot
- Copy Trade
- Earn
- More
XRP Soars as Whale Transactions Stir Market Speculations
By: cointurk|2025/05/08 20:45:01
0
Share
The XRP price surged to $2.20 today, signaling a potential acceleration. Daily trading volume increased by 80%, reaching $4.35 billion. Whale transactions involving 70 million and 300 million XRP have sparked widespread discussion in the cryptocurrency community. This development has resurfaced speculations that XRP could be included in New Hampshire’s strategic reserve. The Impact of Whale Transactions on XRP’s Price The rise in XRP’s price has attracted significant interest from numerous investors. A substantial increase in trading volume over the last few days illustrates growing demand momentum. The formation of rising lows on the hourly chart, a bullish crossover in the MACD, and an RSI level at 64.60 support the upward price movement. The XRP’s ability to remain above key Exponential Moving Average lines has earned positive feedback from technical analysts. Furthermore, the transfer of 70 million and 300 million XRP to wallets outside of well-known addresses led to intense speculation in the market. Some experts believe these whale movements indicate that major investors are taking positions. Currently, the altcoin ‘s market capitalization is approximately $125 billion. According to New Hampshire’s HB302 Law, cryptocurrencies reaching a market value of $500 billion can qualify for inclusion in the strategic reserve. Strategic Reserve Prospect Brings Ambitious Price Targets for XRP New Hampshire’s HB302 Law envisions keeping cryptocurrencies exceeding a market value of $500 billion in strategic reserves by 2026. XRP, boasting a market capitalization of approximately $125 billion, could make a significant stride if it reaches this threshold. According to legal expert Fred Rispoli, if XRP maintains its momentum, it could increase its price to $8.5 or even $10 by the year’s end and potentially qualify for the reserve by 2026. Meanwhile, an anonymous analyst known as Dark Defender has identified short-term targets of $3, and mid-term targets of $4.4 and $6.3 for XRP. Technical indicators support the notion of XRP gaining strong momentum. Additionally, an audacious suggestion from Black Swan Capitalist proposed issuing XRP-backed government bonds instead of dollar-denominated ones. This idea could present new institutional opportunities for the altcoin.
You may also like
Morning Report | Tom Lee predicts that the cryptocurrency winter will end in April; xStocks introduces a new on-chain private equity fund; Sui mainnet upgraded to V1.68.1
Overview of Important Market Events on March 29
Polymarket rules have changed, how should airdrop participants respond?
The regulatory hunt has already formed, and Polymarket's policy upgrade is a proactive response to this hunt.
Crypto ETF Weekly | Last week, the net outflow of Bitcoin spot ETFs in the U.S. was $296 million; the net outflow of Ethereum spot ETFs in the U.S. was $206 million
Franklin Templeton launches tokenized ETFs, enabling 24/7 cryptocurrency wallet trading.
This Week's Key News Preview | The U.S. Releases March Non-Farm Payroll Data; Polymarket Expands Fee Structure
Highlights from March 30 to April 5 this week.
Slow Down, That's the Answer to the Age of the Agent
Rather than worrying about AI, it's better to regain control of pace and judgment
From Cash to Cryptocurrency: Moving Towards a Unified Regulatory Path for Illegal Payments
By establishing a framework based on the principle of "general law" and broadly defining the function of "payment tools," future innovations can be automatically included in the regulatory perspective, thereby breaking the passive cycle of "innovation-regulation-re-innovation-re-regulation" and guid...
Who will own the most Bitcoin in 2026
In this article, we will examine some individuals, companies, and wallets that have become crypto whales based on on-chain data and their own public statements, and investigate the amount of Bitcoin they hold.
A private feud lasting 10 years, if not for OpenAI's "hypocrisy," would not have led to the world's strongest AI company, Anthropic
What shapes the global AI landscape is not only the competition of technological routes but also a personal trauma that has never healed.
"Crypto Tsar" steps down: 130 days of political performance come to an end, how much of Trump's crypto promise remains?
The encryption czar has left, and Trump has muted.
From Utopian Narratives to Financial Infrastructure: The "Disenchantment" and Shift of Crypto VC
Financial infrastructure is the real reason that attracts venture capital investment in the cryptocurrency field.
A decade-long personal feud, if not for OpenAI's "hypocrisy," there would be no globally leading AI company Anthropic
Shaping the global AI landscape is not just a battle of technical paths, but also a wound of private trauma that has never healed
a16z: The True Meaning of Strong Chain Quality, Block Space Should Not Be Monopolized
Essentially, this attribute allows stakeholders to have a "virtual lane" within a high-throughput blockchain to ensure their transactions can be included.
a16z: The True Meaning of Strong Chain Quality, Block Space Should Not Be Monopolized
Essentially, this attribute allows stakeholders to have "virtual lanes" within a high-throughput blockchain, ensuring that their transactions can be included.
2% user contribution, 90% trading volume: The real picture of Polymarket
Is Polymarket a battleground for retail investors or an arena for institutions?
Trump Can't Take It Anymore, 5 Signals of the US-Iran Ceasefire
From Oil Prices and Elections to Secret Negotiations, Are the US and Iran Really Heading for a Ceasefire?
Judge Halts Pentagon's Retaliation Against Anthropic | Rewire News Evening Brief
The "Orwellian" Term Stymies Pentagon's Supply Chain Risk Label for Anthropic
Midfield Battle of Perp DEX: The Decliners, The Self-Savers, and The Latecomers
Hyperliquid has captured this wave of geopolitical market trends with commodity contracts. Decentralized exchanges are moving from internal competition within the crypto industry to a genuine alternative to traditional financial infrastructure, and this direction has only just begun.
Iran War Stalemate: What Signal Should the Market Follow?
Watch the Bond Market
Morning Report | Tom Lee predicts that the cryptocurrency winter will end in April; xStocks introduces a new on-chain private equity fund; Sui mainnet upgraded to V1.68.1
Overview of Important Market Events on March 29
Polymarket rules have changed, how should airdrop participants respond?
The regulatory hunt has already formed, and Polymarket's policy upgrade is a proactive response to this hunt.
Crypto ETF Weekly | Last week, the net outflow of Bitcoin spot ETFs in the U.S. was $296 million; the net outflow of Ethereum spot ETFs in the U.S. was $206 million
Franklin Templeton launches tokenized ETFs, enabling 24/7 cryptocurrency wallet trading.
This Week's Key News Preview | The U.S. Releases March Non-Farm Payroll Data; Polymarket Expands Fee Structure
Highlights from March 30 to April 5 this week.
Slow Down, That's the Answer to the Age of the Agent
Rather than worrying about AI, it's better to regain control of pace and judgment
From Cash to Cryptocurrency: Moving Towards a Unified Regulatory Path for Illegal Payments
By establishing a framework based on the principle of "general law" and broadly defining the function of "payment tools," future innovations can be automatically included in the regulatory perspective, thereby breaking the passive cycle of "innovation-regulation-re-innovation-re-regulation" and guid...
App