📌 Key Update: A major $XRP whale just moved 16,812,891 XRP (≈ $53.4M) from an unknown wallet to Coinbase, as reported by Whale Alert. This large transfer has caught the attention of the crypto community.
🔍 Why This Matters:
Whenever a whale sends such a big chunk of tokens to an exchange, it often hints at possible selling pressure. But it's not always about selling — sometimes, it's just about reallocating assets or changing custody.
📊 What’s the Market Saying?
Even after this whale move, XRP’s price stayed relatively steady around $3.19, with only slight gains in the past 24 hours. That shows the market isn’t panicking — at least, not yet.
🧠 Market Background:
There’s been a surge in XRP whale activity recently:
On July 25, over 35 million $XRP (~$108.3M) was moved.
Analysts noticed 130M+ XRP was scooped up at lower prices in just one day!
So, is this transfer a bearish sell-off, or just whales getting ready for the next move?
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💡 What You Should Keep an Eye On:
1. Support Levels – If XRP falls below $3.19, we could see a wider sell-off.
2. Exchange Wallet Balances – Rising $XRP balances on exchanges might signal upcoming selling.
3. On-Chain Activity – More whale wallet transfers could reveal if this is distribution or strategy.
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📣 My Take:
This 16.8M XRP deposit on Coinbase could be the start of a sell-off — or just part of a larger positioning plan by whales. What’s clear is: whales are active, and smart money is moving.
XRP is now at a key turning point. Watch the charts. Watch the wallets. The next few days could define its direction.
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✅ TL;DR:
🟠 16.8M XRP ($53M) moved to Coinbase = possible selling.
🟢 But large recent buys at dips show bulls aren’t done yet.
⚠️ Price near $3.19 is the level to watch — stay alert for inflows and whale activity.
