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XRP News Today: Ripple Moves $1.9B in XRP, Fueling Rumors Ahead of Dubai Summit

XRP News Today: Ripple Moves $1.9B in XRP, Fueling Rumors Ahead of Dubai Summit

Bitget-RWA2025/11/06 22:40
By:Bitget-RWA

- XRP's network saw 21,595 new wallets in 48 hours, driven by Ripple's $500M investment, Palisade acquisition, and XRP escrow unlocks ahead of its Dubai Swell conference. - Institutional backing from Fortress and Citadel, plus RLUSD's $1B market cap, highlights Ripple's expansion into treasury services and crypto infrastructure dominance. - A $1.9B XRP transfer from escrow to an unknown wallet fueled speculation about Swell announcements, though prices remained stable at $2.41 amid controlled distribution.

XRP's network has seen a significant uptick, with 21,595 new wallets established within a 48-hour period, highlighting a resurgence of both institutional and retail interest in the digital asset. This momentum aligns with several major initiatives by Ripple, the company behind

, such as a $500 million investment valuing the firm at $40 billion, the acquisition of Palisade to enhance its custody services, and a substantial XRP escrow release ahead of its Swell event in Dubai, . Experts link this surge to Ripple’s growing ecosystem, which now features custody, stablecoins, and institutional-level solutions, positioning XRP as a key element in Ripple’s 2025 expansion plans, according to .

Ripple’s latest funding round, which included major players like Fortress Investment Group and Citadel Securities, reflects increasing trust in its role as a foundational crypto infrastructure provider. CEO Brad Garlinghouse highlighted the company’s shift beyond payments into areas like treasury management and prime brokerage, describing 2025 as a “remarkable year” for XRP’s practical use, as noted by Yahoo Finance. This investment follows Ripple’s $1 billion buyback and share repurchase efforts, further aligning interests with its partners. Additionally, Ripple’s RLUSD stablecoin has exceeded $1 billion in market capitalization, and Ripple Payments has processed more than $95 billion in transactions under 75 regulatory licenses.

A notable driver of recent market speculation has been Ripple’s transfer of 800 million XRP (worth $1.9 billion) from escrow to an unidentified wallet, a standard liquidity management practice ahead of the Swell conference. This move, reported by

, has sparked rumors about possible announcements, especially after Gemini’s enigmatic “XRP coded” statement. Despite the sizable transfer, XRP’s price held steady at $2.41, with many traders expecting most of the tokens to be relocked. Ripple’s monthly escrow releases, part of a pre-programmed 55-billion XRP distribution since 2017, are intended to support liquidity while reducing price swings, .

Ripple’s acquisition strategy continues to reinforce XRP’s significance within its ecosystem. The purchase of Palisade, a platform specializing in wallets and custody, boosts security for both individual and business clients, while earlier acquisitions of Hidden Road and GTreasury have broadened its institutional reach. The

has enabled Ripple Prime to triple its volume since integrating Hidden Road, now handling over 60 million transactions daily, indicating rising demand for XRP-powered services. Analysts foresee ongoing consolidation in the crypto industry, with Ripple’s acquisitions positioning it to rival new entrants like and initiatives such as , which seeks to connect digital assets with traditional finance through its PayFi protocol.

Market conditions remain uncertain. While XRP is under downward pressure below $3, with support at $2.26 and resistance near $2.70, growing institutional adoption and the potential approval of spot XRP ETFs could spark renewed bullish momentum. Nate Geraci from The ETF Store mentioned that the first spot XRP ETFs might debut within two weeks, marking a significant shift in U.S. crypto regulation,

. Meanwhile, the $130 million DeFi breach at Balancer has increased market caution, but Ripple’s managed distribution and strategic alliances continue to draw long-term investors, .

As Ripple gears up for its Swell conference, the combination of liquidity management, institutional support, and ecosystem growth suggests that XRP’s development will remain a central theme in 2025. Whether these recent actions lead to a sustained rally or a short-term spike, the expansion of the XRP network highlights the shifting landscape of institutional involvement in crypto.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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