The post SBI’s $703M XRP Move Triggers Ripple Escrow and ETF Buzz appeared first on Coinpedia Fintech News
The XRP community was shocked by a massive token movement just ahead of Ripple’s regular escrow release. With XRP’s price action already in the spotlight, a fresh $703 million transfer by Ripple-partner SBI VC Trade has raised eyebrows and triggered speculation.
Massive XRP Transfer Sparks Curiosity
According to Whale Alert, a whopping 320 million XRP, valued at over $703 million, was moved on June 30 between unidentified wallets. Upon closer inspection, the sender wallet (rNR…6jS) was linked to SBI VC Trade, a long-time Ripple ally. The tokens were split into two equal transactions of 160 million XRP, now sitting untouched in new addresses. Notably, this move happened just before Ripple’s scheduled release of 1 billion XRP from escrow, fueling theories that SBI VC Trade may be preparing for something big.
ETF Talk and Japanese Crypto Reform Fuel Speculation
The sudden token movement coincided with Japan’s growing regulatory shift. The Financial Services Agency recently proposed reclassifying cryptocurrencies as legal financial instruments. This opens the door for crypto ETFs and includes a major tax reform, slashing the current crypto tax rate from up to 55% to a flat 20%. With SBI’s deep ties to Ripple and Japan’s regulatory progress, some speculate the transfer could be linked to institutional positioning ahead of potential ETF approval or other major developments.
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XRP Market Snapshot
Despite early gains, XRP price fell below $2.20, with a 24-hour range of $2.18 to $2.22. Trading volume is up 15%, suggesting increased trader activity around the token. However, XRP still struggles to break above key moving averages, the 50, 100, and 200 SMA lines. The Relative Strength Index (RSI) dipped to 50.68, signaling neutral momentum.
However, XRP historically rallies above a key Exponential Moving Average (EMA), then pulls back for a retest before exploding in a final “blowoff” phase.
According to EGRAG CRYPTO, in past cycles, XRP surged 2,000% and 455% from these retest levels. If history repeats, the conservative 455% rise would put XRP around $9.5, while a repeat of the 2,000% rally would launch it to $37.5. EGRAG believes April 2025 marked the recent retest, setting the stage for the next major move.
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FAQs
Ripple’s XRP escrow is a mechanism on the XRP Ledger that cryptographically locks up a large portion of XRP. It was created in 2017 to provide predictability and transparency to the XRP supply by controlling its release, ensuring a steady, rather than sudden, influx of tokens into the market.
XRP’s price fell below $2.20, trading between $2.18 and $2.22, with a 15% increase in trading volume. It’s struggling to break key moving averages (50, 100, 200 SMA), and its RSI is at 50.68, signaling neutral momentum, despite recent positive news.
Yes, XRP remains a promising 2025 investment due to strong fundamentals, stablecoin use, and potential ETF listings.
