XRP Surge Ripple Transfers 1.1 Billion

Ripple Moves $1.1 Billion XRP in Monthly Escrow Unlock

• Ripple transferred over 1.1 billion XRP on May 1, involving internal wallets.
• The movement was part of Ripple’s routine monthly escrow unlocks.
• Out of the released coins, Ripple relocked a total of 700 million XRP.
• Reports indicate Ripple offered $4 to $5 billion to acquire Circle, which was declined.
• XRP price analysis shows potential fluctuations around the $2.25 level.

On May 1, Ripple executed a significant transfer of over 1.1 billion XRP as part of its monthly escrow release, subsequently relocking 700 million coins. This aligns with routine practices and coincides with reports of Ripple’s acquisition interest in Circle for up to $5 billion, which was rejected.