Whale XRP Moves $53 Million to Coinbase, Signals Bullish Trend?

Jakarta, Pintu News – A recent large XRP transaction caught the attention of the crypto community and raised questions regarding its purpose.

Based on Whale Alert data, XRP worth approximately $53 million was suddenly moved to Coinbase from an unknown wallet.

This has led to speculation as to whether the “whale” is planning to sell the large XRP stake, or if there are other reasons behind the move.

XRP Transfer Worth $53 Million

According to blockchain tracker Whale Alert, a total of 16.69 million XRP – worth approximately $53.16 million – was moved from anonymous wallets directly to Coinbase.

Read also: Strategy Buys Another $18 Million in Bitcoin, MSTR Shares Go Up!

However, Whale Alert data shows that this transaction did not actually originate from an external wallet. Instead, the tokens moved between Coinbase’s two cold storage wallets, labeled “197” and “Cold Wallet 6”.

The two usually hold around 16.5 million XRP each.

While the reason for the move is unclear, whale activity of this magnitude often signals potential short-term volatility. If the token is sold, this could add selling pressure to the XRP price.

Whale Movement Triggers Speculation

Coinbase reportedly operates around 27 similar XRP wallets with large balances, so this $53 million transfer is just a fraction of the exchange’s total holdings.

Even so, a large number of transactions are often taken as a signal of potential market changes, especially if they involve centralized exchanges like Coinbase, where tokens can be quickly sold.

XRP Forms a Bullish Pattern

Despite the size of the transfer, the price of XRP has barely moved, currently trading around $3.20, up about 1%.

Read also: XRP Price Prediction: Crypto Analyst Ali Martinez Says XRP Price is on its way to $11

Meanwhile, XRP derivatives open interest also rose 15% to $5.90 billion, indicating aggressive positioning from large market participants who seem optimistic about XRP’s prospects.

Looking at the XRP price chart, a potential “V” shaped price pattern is forming, which is a positive indication for further upside. Meanwhile, the main resistance level is at $3.30; if broken, XRP has the opportunity to go to $3.50 and even $3.70.

However, if the level holds, it is likely that the price will move sideways in the near future.

That’s the latest information about crypto. Follow us on Google News to get the latest information about the world of crypto and blockchain technology. Check today‘ s bitcoin price, today’s solana price, pepe coin and other crypto asset prices through Pintu Market.

Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app through Google Play Store or App Store now. Also, get a web trading experience with various advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coinpedia. 53M XRP Whale Transfer to Coinbase Sparks Market Speculation. Accessed on August 12, 2025