Will Ripple Labs 200 million XRP will have $ 2 support?

Keynote

• Ripple Labs has moved more than $ 420 million from XRP to an anonymous wallet.
• The company has a history of moving XRP to operate internal liquidity management, not selling.
• The XRP price is attracting attention as it is important for the $ 2 mark to watch.

Ripple Labs, a blockchain payment company, moved 200 million XRP onChain to attract the attention of the community.

The transfer occurred when the fourth largest cryptocurrency price was nearly $ 2. In particular, the volume of transactions has raised some questions, especially in legal and market changes.

Ripple big transfer is added to market uncertainty.

According to Whale Alert’s recent chain data, Ripple Labs traded on April 11. The 200 million XRP amounted to about $ 427 million and came out as an unknown address in one of the wallets.

🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 200,000,000 #xrp Transfer (402,739,474 USD) #ripple Unknown wallethttps: //t.co/cz7k5fum8

-Whale alert (@whale_alert) April 11, 2025

Immediately after the transaction was executed, the XRP community triggered the selling speculation as much as possible. Although the target wallet was not known at first, the XRP explorer bithom data later suggested that the funds were later redirected to other residue connection addresses.

According to the past trends, Ripple has created a similar wallet transfer. They were often associated with covering operating costs or distributing tokens to institutional partners. This time, the company did not announce an official statement. However, it suggests that the previous scale can be part of Ripple’s internal fund management.

Some analysts believe that it can be part of the extensive strategy of Ripple Labs and potentially related to legal battle with the US Securities and Exchange Commission. In the context, Ripple Labs recently locked 700 million XRP from ESCROW following the recent resolution of the SEC litigation.

Nevertheless, timing is in line with the recent US XRP ETF debut. In particular, this launch added momentum to coin’s visibility in the liquor financial market.

XRP prices maintain the basis as legal development progresses.

After the ETF was released, XRP rose 1% for a while and settled slightly lower before the token was pushed to $ 2.01.

The coins connected to the residue are still traded within a narrow range, with a lowest increase in the highest level of $ 2.03 and a low rise of about $ 1.93. Despite volatility, it keeps staying near the $ 2 level that many investors think are important.

The main event has recently strengthened the price of XRP. Ripple and SEC are moving to the resolution, selecting the SEC to reduce the appeal to the company. The price of XRP rose more than 13% due to the closure of the appeal.

In a recent update, Ripple Labs and the US Security Commission submitted a joint request to the US Court to suspend their obligations. This raises the opportunity to explode the XRP.

Depending on the recent trends, some analysts, including EGRAG Crypto, believe that XRP will grow. They believe that if the market follows the same pattern as 2017 or 2021, the price can rise to $ 19 or $ 45. Specifically, if Bitcoin reaches the new all -time high, it can be fueled to the damage to XRP.

EGRAG also points to the XRP and Bitcoin charts and shows a signal that XRP is preparing for another large 10X movement. The current agreement has a level of $ 2 support for XRP.

Bitcoin will reach a new ATH. #xrp At least 10 times
#Allts 10x-50x.

Steady and concentrate! pic.twitter.com/al2xfmyulj

-Egrag Crypto (@egragCrypto) March 9, 2025

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disclaimer: Coin speakers are doing their best to provide a prejudice and transparent report. This article aims to provide accurate and timely information, but should not be considered financial or investment advice. Since market conditions can change rapidly, it is better to check the information and consult with experts before making a decision based on this content.

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