‘According to blockchain tracker Whale Alert, a massive 25.49 million XRP valued at over $70.22 million was transferred to Coinbase within minutes. The transaction, which originated from an unidentified wallet, has sparked widespread attention across the crypto market.
This significant transfer coincides with XRP’s sixth consecutive day of positive price movement. At the time of reporting, XRP had risen by 1.11% in the last 24 hours to reach $2.82. This steady climb follows a four-month high of $2.97, which was reached a day earlier, reflecting increasing market confidence in the asset.
Further, Whale Alert also reported another large XRP transfer just a day earlier. A total of 33 million XRP, worth over $90 million, was moved from South Korean exchange Upbit to an unknown wallet. These back-to-back whale-level transactions suggest heightened activity from large holders during a period of price strength.
In addition to market performance, XRP’s recent rally appears supported by on-chain metrics. Network growth saw a spike, with over 6,900 new addresses created in a single day. This was accompanied by a noticeable increase in retail-level interest and social media engagement, contributing to the ongoing price trend.
Transfer to Exchange Sparks Speculation Over Whale Intentions
Large transfers to centralized exchanges often generate speculation over potential sell-offs or strategic repositioning. In this case, the XRP community remains on alert, as such movements could indicate either profit-taking or routine wallet management.
The lack of public attribution for the sender wallet adds uncertainty to the market narrative. Still, the ongoing accumulation trend and strong network growth continue to offer bullish signals, even as whale activity intensifies.
Additionally, XRP’s on-chain volume and liquidity have remained robust throughout the week. The current trend suggests increasing investor interest, especially in light of broader altcoin strength and improving sentiment.
Conclusion
Whale movements are once again steering XRP into the spotlight. As trading volume and wallet activity surge, analysts are closely watching how these large transactions may shape XRP’s price behavior in the days ahead.
