A major ripple (pun intended) just hit the crypto waters.
📦 Over 16.8 million XRP — worth approximately $53.4 million — has been moved from an unknown wallet to Coinbase, according to Whale Alert. This sudden move by a major whale has sparked speculation across the XRP community.
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🔍 Why It Matters
Large transfers to exchanges often raise eyebrows. Such moves can indicate potential sell-offs, as whales look to cash out. However, not every transfer means panic — some whales simply shift assets for custody, liquidity access, or portfolio restructuring.
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📊 What’s Happening with the Market?
Despite the high-volume transfer, XRP has remained stable, hovering around $3.19, with only modest gains over the last 24 hours. This lack of panic suggests that the market is either unbothered — or waiting for a bigger move.
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📈 Recent Whale Activity: A Growing Pattern?
This isn't an isolated case:
On July 25, more than 35 million XRP (≈ $108M) was moved between wallets.
Analysts observed that over 130M XRP was bought up during price dips on the same day.
This signals that whales are not just selling — they’re also accumulating.
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👁️ What Traders Should Watch:
1. Support Level at $3.19 – A drop below could trigger further declines.
2. Exchange Inflows – Rising XRP balances on exchanges often hint at upcoming sell pressure.
3. On-Chain Whale Movements – More transfers could expose whether this is distribution or strategic repositioning.
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🧠 My Take:
This 16.8M XRP deposit might be a precursor to a sell-off — or simply part of a broader strategy. One thing is certain: whales are moving, and the smart money is in motion.
Whether this move spells short-term volatility or long-term positioning, XRP is at a critical crossroads. The coming days may reveal whether we're heading for a dip — or gearing up for a breakout.
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✅ Quick Recap (TL;DR):
🐋 16.8M XRP (~$53M) sent to Coinbase from an unknown wallet
⚠️ Could be a warning sign of sell pressure
📊 Price still holding steady at $3.19 — for now
🔎 Recent activity shows whale buyin
g and repositioning, not just dumping
🎯 Key level to watch: $3.19