- A 29M XRP whale transfer hints at strategic accumulation, tightening market supply.
- XRP’s price rose from $1.70 to $2.80 as whales moved assets off exchanges.
- Steph’s repost of past whale moves reinforces a pattern of bullish accumulation.
A 29,000,000 XRP transfer has reignited discussions on whale activity and its market impact. This mirrors past whale moves that influenced XRP’s price, reinforcing a pattern of strategic accumulation.
Whale Activity and Market Impact
A recent 29,000,000 XRP transfer between unknown wallets has drawn attention. The XRP Ledger processed it efficiently with a minimal fee of 0.000015 XRP. It occurred on March 28, 2025, at 03:08:22 PM UTC, just 20 hours before reporting. Large transfers often signal strategic accumulation or institutional movements.
Brett reported the transaction on X, highlighting its significance. The transaction hash, B9FC7D7A8C5FEDEFD4AD36C6BC0F8DA7D16E843A28C9D5C7A2C33E, confirms its legitimacy. The destination tag 4156796778 suggests the recipient may be an exchange or custodial service. The XRP Ledger’s ability to handle high-value transfers with low fees reinforces its role in large-scale transactions.
Steph Is Crypto reported a 20,000,000 XRP withdrawal from Gemini to an unknown wallet, marking the start of an accumulation trend. After this, XRP’s price surged from $1.70 in January to $2.80 by late March. Reduced exchange supply contributed to price stability and upward momentum.
The latest 29,000,000 XRP transfer suggests further accumulation. XRP’s price held at $2.11, with a 24-hour trading volume of $4.03 billion. Market capitalization reached $122.98 billion, a 3.59% rise. This transfer reduced exchange liquidity, which can push prices higher. Historically, large XRP withdrawals align with bullish sentiment.
Steph Is Crypto reposted similar occurrences from February 19, reinforcing a pattern of supply contraction and price gains. Whale accumulation surged in 2025, with over 150 million XRP moved in 48 hours. Institutions shifting assets to private wallets signal long-term confidence.
Investor Sentiment and Regulatory Influence
Investor interest in XRP remains strong despite market fluctuations. Its efficiency in settlements makes it a top choice for large transfers. XRP has minimal correlation with traditional markets, though institutional adoption is rising. Banking use of XRP-powered solutions, as noted in reports, strengthens its utility.
The SEC’s legal battle with Ripple continues shaping XRP’s market behavior. Regulatory clarity remains a key price driver. As governments refine crypto policies, XRP’s compliance record strengthens its financial ecosystem position. Institutional adoption should accelerate with clearer regulations.
