XRP Price Jumps 3% as Ripple’s $500M Transfer Raises Eyebrows

The XRP price has surged 3% in the last 24 hours, to trade at $2.34, on a 60% drop in the daily trading volume, to $3.53 billion.

This comes as XRP Ledger validator Vet flags Ripple’s $500 million XRP transfer to a new account lacking escrow and multi-signature protection, calling it unusual given the account’s value. According to XRP Scan, Ripple sent 220 million XRP to this fresh wallet. While Ripple often creates new accounts for operational reasons, Vet found the absence of added security surprising.

The transfer coincides with Ripple’s reported plan to raise to $1 billion to launch an XRP treasury company, which will hold XRP as part of its reserves. This move may represent Ripple’s contribution to the initiative. Ripple currently holds 41.85 billion XRP, or about 35% of the total supply. Vet described the treasury plan as a “good distribution mechanism,” comparing it to ETFs that lock away XRP long term—helping reduce selling pressure and potentially supporting the token’s market stability.

XRP Price Eyes Bullish Reversal After Sharp Sell-Off

XRP is showing early signs of recovery after a sharp fall that briefly pushed its price below $2.00. The token has bounced back to around $2.35, rising 2.7% in the past 24 hours. This rebound hints at a possible bullish reversal as traders watch for a breakout from a falling channel pattern that has lasted for months.

The daily chart shows that XRP has been moving inside a bearish channel since August, with prices forming lower highs and lower lows. This trend finally broke when the coin touched a strong support zone near $2.10 — the same level that helped it recover in June. The bounce suggests that buyers are coming back into the market after weeks of selling pressure.

XRPUSDT Analysis Source: Tradingview

Technical signals also point to a potential recovery. The Relative Strength Index (RSI) recently fell below 35, showing oversold conditions, before turning upward. This move often indicates that momentum is shifting from sellers to buyers.

XRP Price Targets $3.50 Recovery

If XRP continues to hold above $2.10, the next resistance is around $2.70. A clear breakout above that level could open the way for a rally toward the $3.50 target. Despite short-term uncertainty, XRP remains one of the top-performing altcoins this year. Its strong community and increasing use in payment networks continue to support its long-term outlook.

If the bullish reversal holds and the price stays above the support zone, analysts expect XRP to gradually recover toward $3.50 in the coming weeks, marking a strong return of buyer confidence.