500,000,000 XRP in 24 Hours Secured: What Happened?
Emily HarrisXRP reclaiming more levels on-chain, but its market performance has a lot to desire[...]
XRP Sees Massive Token Transfers, but Price Action Tells a Different Story
On May 30, 2025, the cryptocurrency world witnessed an impressive surge in on-chain activity for XRP, with over 500 million tokens transferred in a single day. While this spike in payment volume often signals increased demand or significant settlements, the price action paints a more sobering picture.
The daily chart for XRP/USDT shows a clear breakdown below the 50-day moving average, and the 200-day moving average, which has historically served as a long-term support floor, is now being tested. The price exhibited obvious weakness following a brief breakout from a descending triangle earlier in May, closing the day at $2.14, down 1.5%.
The Relative Strength Index (RSI) sits at 38.55, just above the oversold threshold, indicating that sellers are still in control, but momentum is running out. Volume has decreased compared to April, suggesting a lack of follow-through from retail or speculative investors.
The disconnect between the surge in on-chain activity and the lackluster price performance complicates the analysis. The 500 million XRP move on May 30 may have been the result of exchanges or internal reorganizations by major holders, rather than a reflection of fresh demand.
From a technical standpoint, XRP is in a precarious position. If the price breaks clearly below the 200-day moving average, the downside could extend to $2.00 or even $1.90. For the bulls to regain control, they must swiftly retake the 50-day moving average around $2.26.
While a rally is still possible, the current circumstances do not provide a strong foundation for a bullish reversal. On-chain spikes without corresponding price confirmation are often just noise, and XRP may need to consolidate above the 200-day moving average and demonstrate increasing volume along with RSI divergence to signal a genuine turnaround.
In summary, the XRP ecosystem has witnessed a remarkable surge in token transfers, but the price action tells a different story. The asset remains in a corrective phase, and investors should closely monitor the key technical levels and market dynamics to gauge the potential for a sustainable recovery.
