📌 Key insights: Yesterday, over 16,812,891 XRP (~$53.4 million) were transferred from an unknown wallet to Coinbase, according to Whale Alert data.
🔍 Why it matters
📉 Such large transfers to exchanges often indicate potential selling pressure, as investors may look to liquidate their holdings.
⚠️ Alternatively, some traders may be repositioning assets - custodial exchanges are sometimes routine.
📊 Despite this whale activity, XRP has remained relatively stable, trading around $3.19 and showing only modest gains over the past 24 hours.
🧠 Market context
Whale activity for XRP has increased in recent days - on July 25 alone, 35 million XRP (≈ $108.3 million) were transferred; analysts noted that over 130 million XRP were purchased at low prices within 24 hours.
Mixed emotions continue: Inflows indicate accumulation, but the recent withdrawals to Coinbase add uncertainty. Will this pressure the price or indicate a change in strategy?
💡 What to watch for
1. Price dynamics: A drop below key support levels - especially below ~$3.19 - could lead to broader selling.
2. Exchange balances: Continued accumulation on exchanges may indicate building selling pressure.
3. On-chain signals: Significant additional activity in the wallet or accumulation of transfers can clarify whether this is distribution or repositioning.
📣 Final thought
The deposit of 16.8 million XRP into Coinbase may indicate the start of potential selling - or simply reflect internal money movements. With strong whale activity continuing to buy, the near-term direction for XRP depends on whether inflows will continue or if selling will prevail. Closely monitor on-chain flows and price volatility.
✅ TLDR
A large deposit of XRP (~$53 million) into Coinbase indicates potential selling intentions.
However, dramatic whale purchases at the dip indicate opposing forces.
XRP remains at a technical turning point near $3.19 - watch for inflows to exchanges and on-chain activity for clues about the next directional movement.$XRP
