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<p class="is-style-lead">Ripple (<a href="https://crypto.news/price/xrp/" data-type="URL" data-id="https://crypto.news/price/xrp/">XRP</a>) has seen an increase over the past week. An analysis of XRP&#8217;s performance, recent events, and the implications of this upward trend show what might be on the horizon.</p>



<p>As the <a href="https://crypto.news/market-cap/">crypto market</a> weathers turbulent times, one token that seems to have found its stride is <a href="https://crypto.news/price/xrp/">XRP</a>.&nbsp;</p>



<p>Defying the prevailing market sentiment, XRP has experienced a 9.37% rise in value within seven days, trading at $0.46 as of May 23.</p>



<figure class="wp-block-image size-large"><img decoding="async" width="1024" height="578" src="https://crypto.news/app/uploads/2023/05/XRP_7D_graph_coinmarketcap-1-1024x578.jpeg" alt="XRP sees week of stellar gains rising 9% - 1" class="wp-image-14160006"><figcaption class="wp-element-caption">XRP weekly price chart | Source: <a href="https://coinmarketcap.com/currencies/xrp/#Markets" target="_blank" rel="noopener">CoinMarketCap</a></figcaption></figure>



<p>Adding to the intrigue, large transfers of XRP tokens have been reported. Notably, 87.3 million XRP, equivalent to over $41 million, was transferred to <a href="https://crypto.news/exchanges/binance/">Binance</a> from an unknown wallet.</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">🚨 🚨 🚨 🚨  87,305,753 <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#XRP</a> (41,197,105 USD) transferred from unknown wallet to <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Binance</a><a href="https://t.co/slOigEUMX5" target="_blank">https://t.co/slOigEUMX5</a></p>&mdash; Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1660108693906530304?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">May 21, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<p>Predictably, these recent events have ignited a wave of conjecture among the wider crypto community, leading them to question the intentions behind these sizable transactions.</p>



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<p>Another exciting factor is XRP&#8217;s continued dominance in the Korean market. In addition to Binance, there&#8217;s been a noticeable uptick in XRP&#8217;s trading <a href="https://crypto.news/glossary/volume-in-crypto-trading/">volume</a> on the prominent Korean exchange, Bithumb, over the past few months. This trend suggests a growing favorability towards XRP in the Korean market.</p>



<h3 class="wp-block-heading" id="ripple-8217-s-recent-moves-exploring-partnerships-and-crypto-custody">Ripple&#8217;s recent moves: exploring partnerships and crypto custody</h3>



<p>Ripple&#8217;s recent strategic maneuvers could potentially explain XRP&#8217;s surge in value. The company&#8217;s new partnership with <a href="https://crypto.news/taiwan-to-unveil-buying-and-selling-crypto-specification-for-banks/">Taiwan</a>&#8216;s Fubon Bank aims to explore the capabilities of Central Bank Digital Currencies (<a href="https://crypto.news/what-countries-have-cbdc-in-2023-and-how-they-shape-crypto-future/">CBDCs</a>) within a <a href="https://crypto.news/learn/what-is-a-blockchain/">blockchain</a>-based version of the Hong Kong Dollar (HKD).&nbsp;</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">Ripple and Fubon Bank to Showcase Real Estate Asset Tokenization Use Case as part of the Hong Kong Monetary Authority’s Inaugural e-HKD Pilot Programme <a href="https://t.co/HTgZQ4RZkX" target="_blank">https://t.co/HTgZQ4RZkX</a></p>&mdash; Emi Yoshikawa (@emy_wng) <a href="https://twitter.com/emy_wng/status/1660484447144382470?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">May 22, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<p>The endeavor, though speculative at this stage, signals promising opportunities within real estate asset tokenization and equity release, potentially fueling investor confidence in XRP.</p>



<p>Moreover, Ripple has taken a significant step into the crypto custody market, acquiring <a href="https://ripple.com/insights/ripple-takes-on-the-crypto-custody-market-with-metaco/" target="_blank" rel="noopener">Metaco</a>, a Swiss firm known for digital asset custody and tokenization technology.&nbsp;</p>



<p>This acquisition positions Ripple to benefit from a potential $10 trillion market by 2030, broadening its enterprise offerings. While the exact profitability of this initiative is yet to be observed, this strategic move could be another factor contributing to XRP&#8217;s upswing.&nbsp;</p>



<h3 class="wp-block-heading" id="xrp-price-prediction">XRP price prediction</h3>



<p>The latest increase in XRP&#8217;s value and boosted trading activity and significant whale transfers provide a snapshot of XRP&#8217;s status in the ever-fluctuating cryptocurrency market. </p>



<p>As we keep tabs on Ripple&#8217;s XRP and its operations, we must keep a level-headed view, considering both its promising prospects and possible risks. </p>



<p>Given the unpredictable nature of the crypto world, it&#8217;s crucial to remain cautious, always remembering the golden rule: never invest more than you can afford to lose.</p>



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XRP sees week of stellar gains rising 9%

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