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- Ripple released 1 billion XRP from escrow on May 1st, then re-secured 700 million XRP in three tranches to maintain market stability.
- Its stablecoin RLUSD surpassed $300M in market cap, following a reportedly declined $4–5B acquisition bid for Circle.
- XRP is trading at $2.19 and testing the $2.25 resistance level, with analysts predicting a possible breakout toward $3.
Ripple has executed a staggering internal transfer exceeding $1.1 billion worth of XRP. The move carried out on May 1st involved a seamless shift of 500 million XRP between the company’s wallets, instantly catching the eye of blockchain monitoring service Whale Alert.
Initial market watchers speculated whether Ripple was preparing for a major sell-off or external transaction. On-chain analysts quickly clarified that the transaction was part of Ripple’s standard monthly escrow routine. It involved releasing 1 billion XRP as scheduled.
But what followed was even more revealing: Ripple promptly re-secured 700 million XRP back into escrow. This careful re-locking, performed in three calculated tranches of 500 million, 170 million, and 30 million, highlighted Ripple’s long-standing commitment to disciplined supply management and market stability.
By shelving the majority of the released XRP, Ripple eased concerns about potential market oversupply, signaling to traders that there would be no sudden influx of tokens into circulation.
Ripple’s $5B Bid and RLUSD’s $300M Milestone
This event coincides with Ripple’s increasing presence in the stablecoin sector. Recent reports suggest that Ripple extended a bold $4–5 billion acquisition offer to Circle, the issuer of USD Coin (USDC), one of the most established stablecoins in the market. Sources close to the deal reveal that Circle turned down the offer, citing undervaluation.
While the acquisition didn’t materialize, Ripple hasn’t stepped back. Its native stablecoin, RLUSD, has quietly surpassed the $300 million mark in market capitalization. It underscores the firm’s growing ambitions in the digital dollar space.
Currently, the XRP is trading at $ 2.19 with a 24-hour trading volume of $ 4.88B and a market cap of $ 129.03B. The XRP price increased by 0.01% in the last 24 hours.
XRP Approaches 2.25 Resistance With Bullish Momentum
On the technical front, XRP is showing signs of coiled momentum. Renowned crypto analyst CasiTrades has identified a critical inflection point: XRP is testing the $2.25 resistance level, a key psychological and technical barrier. Her analysis points to the formation of subwave micro-patterns in price behavior. This indicates a potential retracement to $1.90 before a fresh upward breakout.
CaseTrades notes waning momentum on XRP’s Relative Strength Index (RSI), particularly in shorter timeframes. However, she remains bullish, framing the current dip as a “final purge” before the next leg up. Her outlook sees XRP not only surpassing $2.25 but also potentially climbing to $2.68, $3, or even higher. It could happen if momentum builds and market conditions align.
Ripple is playing a long game, managing supply with precision, exploring stablecoin expansion, and riding a wave of renewed market optimism. As the company continues to balance internal strategy with external innovation, all eyes remain on XRP’s next move.
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