🚨 XRP Whale Moves 16.8M Tokens to Coinbase – What’s Going On?
Yesterday, a massive 16,812,891 XRP (~$53.4 million) was transferred from an unknown wallet to Coinbase, according to Whale Alert. Whenever we see such large amounts moving to an exchange, it naturally raises questions—Is a sell-off coming?
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🔍 Why This Matters
Big transfers to exchanges often point to possible selling pressure, especially when markets are uncertain. But it could also be something less dramatic—like repositioning funds or changing custodianship. So what’s really happening?
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📊 XRP Price Remains Calm… for Now
Despite this whale activity, XRP is still holding steady around $3.19, with only slight 24‑hour movement. No immediate signs of panic—but that could change fast if more selling starts.
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📈 What Else Is Happening?
On July 25 alone, over 35 million XRP (~$108.3M) moved across wallets. Analysts have pointed out that whales are also buying heavily on dips—more than 130 million XRP was bought at low prices within a 24-hour window.
So while this latest move might signal selling, the bigger picture shows whales are active on both sides—some accumulating, others possibly preparing to sell.
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⚠️ Mixed Signals – What to Watch
1. Key Support Levels: If XRP drops below $3.19, it could trigger wider selling.
2. Exchange Balances: Rising XRP deposits on exchanges could hint at more sell pressure.
3. On-chain Moves: Watch for more large whale transfers—if many start clustering, it could confirm distribution.
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✅ Bottom Line
This 16.8M XRP move to Coinbase could be the start of a sell-off—or just normal internal fund activity. With heavy whale buying also happening, it’s clear the market is at a tipping point.
📍 XRP is holding a critical level. Any shift could bring major price action. Stay sharp.
#XRP #WhaleAlert #CryptoNews #BinanceSquare #OnChainData #XRPPrice
