A fantastic movement by XRP has just been registered, with 44.1 million symbols, worth over $ 97 million at current market price, transferred from Turkish cryptout exchange paring to an unknown wallet.
The sudden feature, originally flagged by an XRP investor known as XAIF on social media platform X, comes in the middle of a projected wave of a giga pump forecasted by technical analysts conflicting by decreasing hausse Around Cryptocurrency.
44 million xrp -leaf paribu for unknown wallet
On May 31, 2025, at exactly 09:51 UTC, a transaction was carried out that involved 44,100,000 XRP on the XRP book. The The source was identified as Paribu, one of Turkey’s most prominent Cryptocurrency exchange.
This makes the source even more interesting, given that it is not one of the more popular Western based cryptout exchanges. However, tokens were moved to the wallet address “RKEWG9”, which is not previously associated with any major exchange or guardian.
Blockchain data confirms that the entire amount was successfully delivered, with a transaction fee of just 0.00001 XRP. As noted by the XRP analyst, this is probably a message from a gigantic investor that points to an accumulation movement.
This is because a significant movement of the cryptotokens from an exchange platform is mostly seen as a sign of long -term holding that reduces sales pressure.
When transfers with high volume as this is done, they are mostly purchases of institutions or individuals with high net worth that place themselves for a larger price shift. In a market where the feeling can change rapidly, Such movements are of psychological weight.
As expected, it has caused some optimism among smaller holders, and the next view is whether it can attract More buyers expect a rally.
Giga -pump Incoming for XRP?
Adding the building fire is a bold proclamation from market analyst Amonyx, who recently took to X to share an ultra-bullish sight for XRP. In particular, the analyst noted that XRP is about to print a “giga pump” on the clear long -term.
The diagram he shared shows a long-term symmetrical triangle outbreak pattern, which indicates that XRP has finally broken past a multi-year consolidation phase on the monthly candlestake-time frame, which goes back to 2018.
The similarity for this breakout to Bitcoin’s similar breakout 2016 is unthinkable. Given the subsequent Bitcoin price action at that time, the analyst projected a similar move for XRP price.
Amonx’s diagram describes an upward Fibonacci extension target over $ 27.16, with a more extreme resistance band around $ 71.41, which means a high torque movement at the macro level. Both of these levels correspond to 1,618 and 1.902 FIB extension levels respectively. The track, if it was left, would see XRP compete with Ethereum and possibly even bitcoin in terms of market value.
At the time of writing, XRP traded to $ 2.19, an increase of 1.33% over the past 24 hours.
Image from Unsplash, charts from TradingView
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