XRP’s 13th Anniversary Celebrated with Massive 600M Token Movement by Ripple

Ripple marked the 13th anniversary of XRP with significant token movements, transferring over 600 million XRP between internal wallets. The activity included a 330 million XRP transfer from an unknown wallet to Ripple’s ’Ripple 26’ address, followed by a 170 million XRP shuffle shortly after. Additionally, Ripple locked 670 million XRP in escrow as part of its monthly routine, showcasing its ongoing commitment to the cryptocurrency’s ecosystem. These movements highlight Ripple’s active management of XRP’s supply and its strategic approach to maintaining market stability. As of June 2025, XRP continues to play a pivotal role in blockchain payments, with Ripple’s latest actions reinforcing its bullish outlook for the digital asset.

Ripple Marks XRP’s 13th Anniversary With 600M Token Movement

Ripple commemorated XRP’s 13th birthday with a series of large-scale token movements, transferring over 600 million XRP between internal wallets. The activity began with a 330 million XRP transfer from an unknown wallet to Ripple’s ’Ripple 26’ address, followed by a 170 million XRP shuffle minutes later.

The blockchain payments firm then locked 670 million XRP in escrow through two transactions, part of its monthly routine. Ripple has recently altered its escrow pattern, delaying the traditional 1 billion XRP unlock by a day in May while increasing internal wallet reorganizations.

Whale Alert tracked the initial 330 million XRP transfer worth approximately $716 million, highlighting Ripple’s ongoing treasury management strategy. Additional transfers included 130 million XRP moved from Ripple’s ’Ripple 39’ wallet to undisclosed destinations.

Ripple’s Legal Clarity Sparks Renewed Debate on XRP’s Status

Ripple’s attorney Bill Morgan has reignited discussions around XRP’s legal standing, dismissing claims of "legal uncertainty" as unfounded. His remarks follow Judge Analisa Torres’ 2023 ruling that exempted XRP from securities classification, a decision Morgan cites as pivotal for the token’s U.S. market activity.

Despite the ruling, lingering appeals and the SEC’s aggressive posture toward crypto projects continue to cast shadows over XRP’s long-term regulatory clarity. Institutional players remain cautious, even as major exchanges resume trading—a move Morgan frames as de facto validation of XRP’s compliance.

The token’s utility in cross-border transactions and emerging use cases sustains investor interest, though pending court outcomes may dictate its trajectory. Market participants now weigh judicial precedent against regulatory unpredictability in a sector where legal wins remain provisional.

XRP Poised for Breakout Rally in June 2025 Despite Historical Trends

XRP, historically underperforming in June with an average 11-year return of -8.49%, may defy bearish seasonality this year. Crypto analyst Cekky Crypto identifies three catalysts that could propel the digital asset beyond its prolonged consolidation.

The potential approval of Franklin Templeton’s Spot XRP ETF stands as the primary bullish trigger. An affirmative SEC decision WOULD grant traditional investors direct exposure to XRP through conventional brokerage channels—eliminating crypto wallet barriers. This development mirrors Bitcoin’s ETF-driven rally past $100,000 in early 2024.

Federal Reserve policy presents the second inflection point. A 25-basis-point rate cut during the June 17-18 FOMC meeting could flood risk assets with liquidity. Altcoins typically benefit from such monetary easing, with XRP positioned as a likely outperformer.

Ripple’s anticipated XRP Ledger upgrades complete the trifecta. Though specifics remain undisclosed, network improvements targeting real-world utility could accelerate institutional adoption. Whale accumulation NEAR the $1.90 level further signals impending volatility.

UK’s IG Group Launches XRP Spot Trading in Partnership with Uphold

IG Group, a $3.5 billion UK-based financial services provider, has introduced XRP spot trading alongside 37 other cryptocurrencies. The launch, effective June 3, marks the first time a London-listed broker offers direct access to spot crypto trading. The firm collaborated with U.S.-based Uphold for custody and execution services.

Clients can now trade XRP and other digital assets without leverage, using fully paid positions. While the platform adheres to strict compliance standards, assets held with Uphold are not protected under the Financial Services Compensation Scheme. This MOVE signals growing institutional adoption of crypto assets in regulated markets.

XRP Supply Shock Looms as Exchange Reserves Dwindle

XRP, currently the fourth-largest cryptocurrency by market capitalization, faces a potential supply shock as exchange reserves decline. The asset, which peaked at $3.38 earlier this year, now consolidates around $2.50—a level some traders view as a buying opportunity before scarcity intensifies.

Analyst Arduino Fina of Alpha Lions Academy warns that cumulative transaction burns and accelerating withdrawals could trigger a liquidity crunch. Each XRP transaction permanently destroys 0.00001 XRP, while Binance alone has seen 183 million XRP withdrawn from its hot wallets since January. The exchange’s XRP reserves have dropped from 2.94 billion to 2.86 billion coins year-to-date.

Market observers note the irony in Binance’s 3 billion XRP accumulation during January’s price surge to $3.30—a seven-year high—now reversing into a sustained outflow trend. The combination of micro-burns and deliberate custody shifts suggests tightening availability for both retail and institutional buyers.

Ripple’s XRP Faces New Challenges as Market Dynamics Shift

Ripple’s XRP opened the week with a 5% plunge, breaching the $2.23 support level and briefly stabilizing near $2.15. Trading volumes tell a grim story—spot activity cratered 37% to $1.51 billion while derivatives markets mirrored the retreat. The RSI’s 40.82 reading hints at oversold conditions, yet bottom-fishers remain scarce. Oddly, Deribit traders still chase $4 call options, betting against the prevailing bearish tide.

Technical indicators paint a conflicted picture. The 50-day EMA now caps rebounds at $2.27, with doji candles exposing market indecision. While the ADX’s 23 reading suggests trend weakness, bulls cling to hope as prices hold above the 200-day EMA. A failure to reclaim $2.23 may trigger a deeper correction toward $1.96—a critical demand zone last tested during March’s volatility.

On-chain metrics reveal no meaningful accumulation, signaling weak institutional interest at current levels. Yet derivatives traders appear to be playing a different game—options activity suggests some see this dip as temporary. The disconnect between spot weakness and derivatives positioning underscores the asset’s contested valuation.