As $1.90 becomes a key battleground, 55 million XRP are transferred out of the BTC market through a large-scale multi-signature transaction.

55 million XRP transferred from BTC Markets via low-fee multi-signature transaction.

Market analyst Xaif Cryptoreported a transaction involving as much as 55 million XRP transferred out from BTC Markets through a multi-signature transaction, with a cost of only 0.000045 XRP. This fully demonstrates the...network efficiency of XRP for large-scale transfers.

Large exchange-related transfers like this typically reflect strategic institutional activities such as liquidity management, custody restructuring, or OTC transactions, rather than retail-driven market volatility.

These transactions are intended to optimize operations and balance reserves, and do not indicate a sudden shift in investor sentiment.

The use of multi-signature wallets enhances security and regulatory oversight. Multi-signature wallets require multiple private keys to authorize transactions, thereby minimizing unauthorized access and protecting institutional assets, making them the standard configuration for exchanges and custodial service providers managing high-value cryptocurrency transfers.

Therefore, this transfer of 55 million XRP highlights the growing importance of this token in institutional cryptocurrency operations. With its low fees, fast settlement speed, and scalable network, XRP is highly suitable for large-scale transactions and custody.

Such transactions offer a glimpse into the complex behind-the-scenes management of digital assets, in sharp contrast to visible retail activity, and highlight the strategic nature of institutional fund flows.

XRP targets the key $1.90 price level, next milestone approaching

Renowned analyst Ali Martinezhighlighted that $1.90 (UTC+8) is a critical price level for XRP, and this threshold could determine whether the cryptocurrency can maintain its upward momentum or faces a pullback.

$1.90 (UTC+8) is not just a price, but a crucial battleground. Holding this level indicates strong price action and lays the foundation for the next target price of $2.50 (UTC+8).

Driven by growing institutional investor interest and rising market expectations, XRP has surged in price in recent weeks. Spot ETF analysts point out that the increasing adoption in the cross-border payments sector makes it one of the most watched cryptocurrencies for 2025.

However, technical factors remain critical: $1.90 (UTC+8) has repeatedly become a key level. If the price consolidates above this level, it could open the way to $2.50 (UTC+8); if it falls below, it could trigger short-term selling. The current price is $1.91 (UTC+8).

Martinez believes that the $2.50 (UTC+8) level is not arbitrarily set; it coincides with Fibonacci retracement levels and previous swing highs, making it a natural target for XRP bulls. Traders will closely monitor trading volume, momentum, and overall market sentiment (including regulatory developments) to guide their timing of buying and selling.

Martinez emphasized a broader trend: XRP is steadily moving from speculation toward mainstream financial integration, and $1.90 (UTC+8) is the key to unlocking the potential for $2.50 (UTC+8) and higher prices.

Conclusion

This transfer of 55 million XRP highlights the strategic and institutional operations shaping the cryptocurrency market. Such large-scale transactions are not retail speculation, but reflect liquidity management, custody operations, and OTC activities, demonstrating XRP's increasingly important role as a fast, low-cost, and reliable tool for exchanges and institutional participants in the evolving digital asset space.

On the other hand, whether XRP can hold the $1.90 (UTC+8) level is crucial for its short-term trend. If it can consistently break through this level, it may trigger a push toward $2.50 (UTC+8), signaling renewed confidence from both retail and institutional investors.

$1.90 (UTC+8) is not just a price point; it marks the dividing line between XRP price consolidation and a potential breakout to the upside, making the coming days critical for XRP's trajectory.