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The whale transferred $60 million worth of XRP to Coinbase, raising fears of a possible sell-off.
XRP holds above key support at $2.31, showing signs of a potential bullish breakout.
On-chain data shows rising long-term holders, suggesting growing confidence in XRP.
A massive $60M XRP transfer is turning heads in the crypto market. A crypto whale made a transaction, and almost 25.5 million XRP were transferred to Coinbase. This shift fuels rumors about a possible sell-off, price response, and sentiment in the market regarding Ripple’s native token.
The crypto market tends to respond wildly to whale activity. This is seen when transactions occur on prominent exchanges such as Coinbase. These types of transfers can indicate imminent sales, internal wallet reorganizing, or even prepping for institutional activity. Here’s what this whale move could signal for XRP’s price, market, and future.
On Friday, a blockchain transaction reveals that a massive wallet transfers 25.49 million XRP, valued at almost $60 million, to a Coinbase account. The wallet is anonymous, and it is not tied to any large exchange or entity. The transfer sparks questions about the whale’s motivation and whether this move indicates a shift in strategy, possibly gearing up for a dump, or simply a change in asset allocation.
At the time of the transfer, XRP is trading close to $2.40, up 4.4% in the last 24 hours. XRP has a $141 billion market cap. Investors have made gains recently, but they’re wary, as transfers of this size tend to cause price fluctuations.
Big crypto transfers to exchanges generally spook the market. When whales, buyers holding large amounts of crypto, send tokens to platforms like Coinbase, it can be a sign that they’re planning to sell. If a whale offloads that much, the market influx could drive prices down.
In the past, similar XRP whale transfers led to 5% to 8% price drops within a few hours. Not every transfer results in dumping. Sometimes it transfers for other reasons, such as:
Internal account shakeup
Switching to a custodial wallet
Getting ready for staking or swaps
Without a clear sign from the wallet owner, the community stays vigilant. XRP’s short-term direction is in flux because it depends on what happens next with the funds.
XRP’s price is exhibiting strength, bouncing back from a $2.28 low to $2.40. Technical charts indicate that the pair is forming a bullish trend via an inverse head-and-shoulders pattern. This action typically indicates a reversal and rally.
The neckline of this setup sits between $2.31-$2.33. If XRP remains above this level and gains strength, analysts expect price targets of:
$2.45 (near-term resistance)
$2.52 (breakout zone)
$2.63 (next main target)
Volume is key in validating these levels. Without robust buying volume, the price could struggle to experience gains. Any bad news or whale dumping can flip fortunate circumstances into indications of a steep decline.
Blockchain data reveals an increase in the number of significant XRP holders. Wallets with more than 1 million XRP now exceed 2,700 in count. This implies growing demand from long-term investors and maybe even institutions.
Another big transaction this week transfers more than 214 million XRP, approximately $500 million, from older ‘dead’ wallets to a new wallet. This can be for rebalancing or custody reasons, not necessarily disposal.
These movements reveal that whales are on the move with their XRP holdings. If most of these moves are non-selling, the long-term outlook is still bright. If they lead to mass selling, then short-term price pressure can ensue.
If the $60 million in XRP is sold on Coinbase, a few things might occur:
The market can respond fast. If the order books can’t absorb those large sell orders, XRP might fall below $2.30 support. In an extreme case, the price can sink as low as $2.00 before regaining balance.
Crypto markets have a habit of recovering from first-time panic selling. If the sell is taken up by current demand, XRP can rebound fast and extend its rally.
Instead of a sharp move, XRP might consolidate between $2.30 and $2.45. This would mean that buyers and sellers are balanced, awaiting the next major catalyst.
Even with the whale move, XRP still has growth potential. A few bullish factors could underpin a price jump in the weeks ahead:
If XRP surges above $2.45 resistance with volume, it could provoke additional demand. This could result in a rally to $2.60 and higher.
There are increasing numbers of XRP holders. This means more people want to own the token, contributing to its long-term value stability.
XRP has been benefiting from recent non-security court wins. Stronger guidance ruling in Ripple’s favor could bring more institutional funds.
Rumors are swirling in the crypto world about a potential XRP ETF. If regulators OKed such a product, it could increase demand and liquidity.
Ripple, the brains behind XRP, is broadening its bank and cross-border payment services. Anything that accelerates new partnerships with banks and financial institutions, bringing more utility to XRP, will drive up interest.
As with the good news, there are some risks for XRP:
Whale Dumping: If more whales sell their holdings, then prices could come under persistent pressure.
Legal Changes and Policies: Any ruling in active litigation or policy changes could damage investor sentiment.
Low Volume: Breakouts that lack trading volume may result in failed rallies.
Global Market Conditions: Macroeconomic factors like interest rates and inflation impact the crypto market.
Staying above $2.33 increases the chance of upward movement. Falling below this range may indicate the beginning of a downtrend.
Also Read - How Much XRP Do You Need to Be in the Top 1% Holder in 2025?
The XRP price is currently stable, showing signs of bullish patterns on charts. A breakout above $2.45 may lead to a rally toward $2.60, especially if buying volume picks up. On-chain data shows strong growth in wallet holders and long-term accumulation.
However, risks remain. If the whale sells, short-term volatility is likely. External factors such as global market trends, regulations, and broader crypto sentiment will also play a role in what happens next.
Investors and traders are closely watching XRP’s price action, trading volumes, and whale behavior to gauge the token’s next move. The coming days could be critical for XRP’s short-term direction.
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