XRP recently witnessed a remarkable surge in on-chain movement, with over 500 million tokens transacted within a single day on May 30, 2025. While such a spike typically sparks excitement about rising demand or major settlements, the market’s price behavior tells a far less optimistic story. XRP Price Wobbles Despite On-Chain Surge On-chain activity for XRP surged impressively, but the price charts reveal a far less enthusiastic picture. Despite the wave of transfers, XRP’s price action remains subdued, clinging just above a crucial support zone. On the daily XRP/USDT chart, the asset has slipped below its 50-day moving average, a key short-term indicator. The asset is now testing the 200-day moving average, which traditionally acts as a longer-term support level. Earlier in May, XRP managed a short-lived breakout from a descending triangle, only to fizzle out. By the close of May 30, XRP settled at $2.14, reflecting a 1.5% daily loss, evidence of the ongoing weakness that continues to dog the asset despite on-chain fireworks. Technicals Hint at Weak Momentum Looking deeper into momentum indicators, the Relative Strength Index (RSI) currently hovers at 38.55, hovering just above oversold territory. This suggests that while sellers retain the upper hand, bearish momentum may be fading. This is further complicated by a significant drop in trading volume since April, indicating waning interest from both retail traders and speculators. Importantly, the sharp increase in on-chain movement isn’t necessarily reflective of fresh market demand. The 500 million XRP transfer on May 30 was likely related to exchange activity or internal wallet restructuring by major holders, rather than organic buying pressure. Without a corresponding price increase, these large transactions typically indicate internal movements rather than a genuine bullish signal. Potential Price Scenarios Ahead From a technical perspective, XRP remains precariously positioned. A decisive break below the 200-day moving average could open the door to further declines, with the next support levels sitting near $2.00 and possibly even $1.90. For bulls to regain control, a strong push back above the 50-day moving average, around $2.26, is essential. Without that, the broader trend remains corrective rather than impulsive. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 That said, if XRP manages to stabilize above the 200-day MA and gains upward momentum alongside a rise in volume and positive RSI divergence, there’s potential for a bounce toward the $2.50+ zone. Currently, those conditions are not yet in place. Noise or Signal? In summary, while the headlines may focus on the massive 500 million XRP moved within 24 hours, the absence of meaningful price confirmation makes this more of a back-end event than a market-moving one. For traders and investors, the takeaway is clear: unless on-chain spikes translate into price action, they’re often just noise. Though the current setup is not particularly bullish, XRP still commands attention; the sheer size of its on-chain transactions keeps it central to the broader market narrative. For now, the asset remains in a waiting game, needing stronger price signals before any meaningful recovery can take shape. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post 500 Million XRP In 24 Hours. Here’s the Significance appeared first on Times Tabloid .
