Ripple Transfers $1.1 Billion XRP, Sparking Market Speculation on Resistance Level

Ripple’s recent transfer of 500 million XRP, valued at approximately $1.1 billion, has sparked renewed market speculation. The blockchain monitoring service Whale Alert initially flagged the move as a potential dump, but on-chain data suggests it was part of Ripple’s routine monthly escrow unlocks. This mechanism allows for up to one billion XRP per month to be sold from escrow while unused tokens are returned to the escrow to control supply and reduce market volatility.