XRP Whale Transfers $64 Million to Coinbase – Is a Collapse to $2 Imminent?
Massive Transfer to Coinbase
An XRP whale transferred over 108 million tokens (worth nearly $64 million) to Coinbase, raising concerns about a potential mass sell-off.
Price Reaction and Bearish Concerns
After the transfer, the price of XRP recorded slight losses, indicating investor anxiety. If selling continues, the price may drop below support levels, with the risk of falling towards $2 from the current level of around $2.33.
On-Chain Data and Predictions
Whale activities are considered major market influencers. If this transfer turns into actual selling, XRP could enter a new phase of selling pressure. It is advisable to monitor support levels around $2.20 and trading volume