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The bull market has arrived, and whales have initiated significant movements in their holdings. On Wednesday, Whale Alert posted that over $700 million worth of XRP tokens had been sent to another unknown wallet, sparking debate in the crypto community.
🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 200,000,005 #XRP (700,609,232 USD) transferred from unknown wallet to unknown new wallethttps://t.co/w1U8Ei5XoZ
— Whale Alert (@whale_alert) July 23, 2025
As per the transaction, 200,000,005 XRP worth $700,609,232 was moved from an unknown wallet to a new unknown wallet.
Following the announcement, the XRP price dropped sharply from $3.45 to an intraday low of $3.02. Although the funds did not go to any exchange, the movement sparked discussion in the community and also impacted the price.
Image Courtesy: TradingView
Given the anonymity of wallet holders, the reason for the transfer remains unknown. At the same time, many users speculated that it could be a sell-off by an inactive whale after XRP’s recent rally. One X (formerly Twitter) handle, known as XRPwallets, made the speculation that this XRP came from an active Ripple wallet and was sent to a new subwallet.
However, these are just speculations, and the actual reasoning behind it remains unknown. Regardless, the XRP price has already seen significant moves, and this could prompt whales to book some profit.
Some of the early XRP investors are already hunting for the best crypto to buy now, which could replicate the growth curve of the XRP price.
XRP Rejected at Resistance: Will the Rally Continue
The XRP price has experienced a significant price increase recently, rising over 50% after a breakout on July 9th. In this rally, it also achieved a new all-time high of $3.66 and became one of the biggest movers in large-cap coins.
Image Courtesy: TradingView
This surge is part of a recovery wave that started at the $2 support zone. However, XRP has faced rejection at higher levels, pulling back 15% in just two days. Ripple sellers were aggressive around $2.60, resulting in a correction of the XRP price.
During this correction, the XRP price fell below a support level at around $2.35 on the daily chart. Currently, XRP is trading below both the $2.10 level and the 100-hour Simple Moving Average. The first significant resistance is at $3.20, followed by $3.50.
If Ripple investors can push the XRP price above $3.40, we might see XRP exploring uncharted territory. In the short term, further gains might help the XRP price reach the $3.80 level or possibly $4. On the downside, Ripple’s immediate support is at $3. The next key support level is at $2.80. A break below $2.80 might push the XRP price to $2.50, with the next key support level around $2.20.
Bitcoin Hyper: The Rising Altcoin Set to Challenge XRP
As the XRP price faces increased volatility, it has found a rival altcoin, Bitcoin Hyper (HYPER), that can soon challenge its market dominance.
Bitcoin Hyper is a forthcoming layer-2 platform that aims to address the limitations of the Bitcoin network by leveraging the powerful capabilities of the Solana Virtual Machine (SVM) on the Bitcoin blockchain. While it will offer speed, low fees, and scalability similar to Solana, its decentralization, trust, and security will be comparable to Bitcoin.
Bitcoin Hyper aims to revolutionize the way Bitcoin operates and expand its utility across various sectors. Solana and Ethereum have already seen their supercycle because of DeFi developments on their base layer. Now is the time for Bitcoin. Currently, Bitcoin is just a safe and trusted crypto investment option. But Bitcoin Hyper’s layer-2 will change this completely.
After this upgrade, anyone can build dApps on the world’s largest blockchain. The most interesting part is the massive meme coin economy that can thrive on Bitcoin’s $2 trillion liquidity.
Solana’s meme coin market is currently worth $15 billion. Just imagine how vast Bitcoin’s meme market could be if it were launched. Bitcoin Hyper is leading the space with its advanced technology and unique infrastructure, making it one of the best crypto to buy now.
The platform’s native token, $HYPER, is currently available at a highly undervalued price of just $0.012375. This means that investors can get in early to reap the benefits of explosive price movement after it hits major exchanges. Market experts forecast that $HYPER will challenge Ripple’s market dominance if it continues to grow at this pace.
