Ripple just played hot potato with 500 million XRP, worth a whopping $1.1 billion, and the crypto crowd naturally freaked out. Whale Alert sounded the alarm on May 2, sending X into a spiral of “dump incoming!” tweets.

But plot twist: this wasn’t a reckless offloading spree—it was Ripple doing its usual monthly escrow routine. Out of the 1 billion XRP unlocked this time around, Ripple sent 500M to an internal wallet and promptly re-locked it. Another 200M XRP, already in Ripple’s grip, was also tucked back into escrow in two neat transactions. In short, no party, no panic.

As of now, XRP is dancing around $2.21, hovering just under the $2.30 resistance line like a cat staring down a closed door. Technicals show some backup—20-day EMA at $2.17 and 50-day EMA at $2.20—but momentum isn’t exactly lighting fireworks. The average directional index sits at a sleepy 12.7, RSI’s a chill 53, and indicators like MACD and Stochastic are doing their best “meh” impressions.

Break above $2.30? We might just see XRP reach $2.50. But if it loses grip at $2.16, a trip back to $2.05—or even $2.00—could be on the cards. Flat volume isn’t helping; it seems traders are waiting for a clearer signal, or maybe just more coffee.

Meanwhile, the SEC played their favorite game again: delay. The decision on Franklin Templeton’s proposed XRP ETF has been pushed to mid-June. More waiting, yay.

On the business side, Ripple is still swinging big. After launching its RLUSD stablecoin last year, it tried to snap up Circle (yes, the USDC one) for $5 billion. Circle said “nah,” but the offer shows Ripple’s not afraid to dream big.

So here we are—Ripple locked and loaded, XRP coiled near resistance, and traders watching $2.30 like it’s the final boss in a video game. Will it break? Or flinch?

Ripple CEO Predicts XRP ETF Approval by Late 2025 | HODL FM
Ripple CEO expects XRP ETF approval by late 2025, citing legal…
hodl-post-imageHODL FM: The Wildest Ride in the Crypto MarketHODL Team
hodl-post-image

Disclaimer: All materials on this site are for informational purposes only. None of the material should be interpreted as investment advice. Please note that despite the nature of much of the material created and hosted on this website, HODL FM is not a financial reference resource, and the opinions of authors and other contributors are their own and should not be taken as financial advice. If you require advice of this sort, HODL FM strongly recommends contacting a qualified industry professional.