XRP’s market activity is heating up as whales transfer over 210 million tokens amid speculation of a partnership between Ripple and Cardano. Despite recent price corrections, bullish signals persist, driving optimism for a potential breakout.

XRP has been under the spotlight following a bearish dip in the last 24 hours, where the price failed to surpass the $1.14 resistance level. Amid the correction, two whale transactions totaling $233.76 million indicate strategic repositioning that may be linked to emerging rumors of a Ripple-Cardano collaboration.

Whales Shift Over 210 Million XRP in Strategic Moves

Data from Whale Alert shows two significant XRP transactions within the past 24 hours. In the first, 110,930,712 XRP—worth approximately $123.59 million—was moved from Binance to an unknown wallet. The second transfer involved 100,000,000 XRP, valued at $110.17 million, between two unidentified wallets.

Such large-scale movements often signify preparation for potential market developments. While the motivations behind these transactions remain unclear, they come at a time of rising speculation about a possible Ripple-Cardano partnership. Recent interactions between Ripple CTO David Schwartz and Cardano founder Charles Hoskinson have added fuel to these rumors, ignite discussions about the strategic implications of such a collaboration.

Bullish Signals Persist Despite Price Dip

While XRP’s price faced bearish pressure, technical indicators suggest underlying bullish momentum. A “golden cross” has formed on the 24-hour chart, with the 50-day moving average (MA) crossing above the 200-day MA—often considered a strong indicator of sustained upward movement.

Additionally, the Moving Average Convergence Divergence (MACD) remains in the positive zone, with its histogram reflecting growing bullish strength. These indicators hint at the possibility of a continued rally if XRP manages to break above the $1.14 resistance level.

Ripple’s Legal Clarity Boosts Long-Term Outlook

XRP has seen renewed confidence following Ripple’s partial legal victory over the SEC. This clarity has strengthened its market position, allowing analysts to predict significant price movements in the current cycle.

Popular crypto analyst CrediBULL Crypto has projected XRP could reach $20 in this market cycle, citing the coin’s historical performance and current market conditions. Similarly, commentator Moon Lambo highlighted that XRP reached $2 during the previous cycle despite regulatory challenges. With those hurdles now mitigated, he expects even greater gains, suggesting a price range of $5 to $8 for scaling out, with potential highs above $10.

The Ripple-Cardano Partnership Rumors

Speculation about a Ripple-Cardano collaboration has gained traction due to public exchanges between Schwartz and Hoskinson. While no official declaration has been made, such a partnership could signal significant developments for both ecosystems.

Cardano’s focus on scalability and interoperability could align with Ripple’s mission of facilitating efficient cross-border payments. If confirmed, this collaboration could further solidify XRP’s position as a leading cryptocurrency and drive its adoption among institutional investors.

What Lies Ahead for XRP?

The massive whale transactions and bullish technical indicators suggest that XRP is positioning for a potential breakout. Should the coin successfully breach the $1.14 resistance level, it may pave the way for further gains, with optimistic projections placing XRP’s next significant milestones at $5 and beyond.

The evolving rumors of a Ripple-Cardano partnership only add to the intrigue surrounding XRP’s future. As institutional interest grows and technical indicators align, XRP could be poised for a significant rally in the weeks ahead.