TLDR
- Ripple moved 210.6 million XRP worth $738M between two of its own internal wallets.
- XRP Ledger activity is up as SWIFT volume drops 15%, showing rising adoption of blockchain-based payments.
- XRP hit $3.65 after the ETF launch, nearing its 2018 all-time high of $3.85.
- Ripple’s new stablecoin RLUSD launched as the U.S. signs stablecoin-focused GENIUS Act into law.
A massive XRP transaction has caught attention after over 210 million tokens, worth $738 million, were transferred in a single move. The activity, which came shortly after XRP reached a new local high, raised questions online. Though it appeared to involve unknown wallets, on-chain data confirmed that Ripple was behind both the sending and receiving addresses.
Ripple Moves Over $738 Million in XRP Between Internal Wallets
Whale Alert, a blockchain monitoring service, reported a transfer of 210,669,117 XRP. The value of this transaction was around $738,134,962 at the time. It was sent from one anonymous wallet to another, sparking community interest.
Later, an account that tracks XRP wallets, XRPwallets, shared that both addresses involved are tied to Ripple. The source said, “Ripple to Ripple. Activated June 2022 from a Ripple subwallet, now sent to a new Ripple subwallet.”
🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 210,669,117 #XRP (738,134,962 USD) transferred from unknown wallet to unknown new wallethttps://t.co/6BDQ8lrdqT
— Whale Alert (@whale_alert) July 21, 2025
Though the transaction looked external at first, it was an internal movement within Ripple’s wallet structure. This type of wallet activity is common among large crypto firms as they manage funds across operational, custodial, and treasury wallets.
XRP Approaches 2018 Peak Following ETF Launch and New U.S. Legislation
Last week, XRP’s price jumped 20% within 24 hours, rising from $3.02 to a local high of $3.65. This price level is close to its all-time high of $3.85 recorded in January 2018. The price surge followed the launch of an XRP-based ETF and a key policy decision in the U.S.
The U.S. President signed the GENIUS Act into law, providing stablecoin regulations. Though the act mainly supports stablecoins, Ripple’s ecosystem gained attention due to its own stablecoin, RLUSD. By Sunday, XRP corrected by 5.72% but has since seen a 3.33% rise. At present, it trades at around $3.56.
Austin King, co-founder of Omni Network, commented, “Ripple is uniquely positioned to benefit from this new legislation.” He added that RLUSD and other regulated stablecoins will likely see more institutional demand under the new rules.
Ripple Expands Infrastructure with RLUSD and Smart Contract Activity
Ripple’s recent developments go beyond token transfers. The company launched RLUSD, a USD-backed stablecoin designed for cross-border payments, DeFi, and remittances. This stablecoin aims to compete with existing options such as USDC and PayPal USD.
Yuri Brisov, a partner at Digital & Analogue Partners, said Ripple could now act as “a core infrastructure provider within the U.S. financial system.” The release of RLUSD supports Ripple’s long-standing goal of becoming a key player in institutional finance.
Ripple also launched an EVM-compatible sidechain on the XRP Ledger. Since its debut on June 30, over 1,400 smart contracts have been deployed. More than 1,300 remain active, showing growing interest in XRP Ledger’s expanded features.
Meanwhile, data shows that usage of Ripple’s technology is rising. XRP Ledger has seen more traffic while traditional platforms like SWIFT recorded a 15% drop in volume.
Ripple’s CEO Brad Garlinghouse stated at the Apex XRPL Summit that XRPL could handle up to 14% of SWIFT’s global volume within five years. This estimate would mean processing as much as $21 trillion annually.
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