Large-Scale XRP Movement Detected by Blockchain Trackers
Prominent blockchain tracker Whale Alert has identified significant XRP transfers involving anonymous crypto whales moving tokens between exchanges and private wallets. Recent data reveals a notable transaction where tens of millions of XRP were transferred to Bitstamp, a major cryptocurrency exchange platform.
Key Transactions:
- 30,000,000 XRP moved from Bybit to a cold storage address.
- 25,300,000 XRP (worth ~$14.7 million) sent to Bitstamp from a wallet linked to Ripple Labs.
Ripple’s Strategic Partnerships and ODL Solution
Bitstamp is one of Ripple’s key partners in developing its On-Demand Liquidity (ODL) payment solution, which leverages XRP for instant cross-border transactions. This collaboration eliminates the need for pre-funded accounts, streamlining global payments.
Recurring Transfers:
- Whale Alert reports weekly/daily transfers from Ripple-associated wallets to Bitstamp (Europe) and Bitso (Latin America).
- A recent transfer involved 70,000,000 XRP directly from Ripple.
XRP Price Performance
Weekly Gains:
- XRP price rose 5.73% over the past week.
- Current price: $0.57227 (24-hour change: -1.73%).
Whale Activity:
Despite short-term dips, whales continue accumulating XRP, signaling strong confidence in its long-term value.
FAQs
Q1: Why does Ripple transfer XRP to exchanges like Bitstamp?
A: These transfers support liquidity for Ripple’s ODL solution, enabling seamless cross-border payments.
Q2: How does XRP’s price react to large transfers?
A: While transfers can cause volatility, sustained utility demand (e.g., ODL) often stabilizes long-term prices.
Q3: Is Bitstamp the only exchange Ripple works with?
A: No—Ripple also partners with Bitso (Latin America) and others to expand its payment infrastructure.
👉 Explore Ripple’s latest developments in cross-border payments
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