- XRP whale transfers raise questions about Coinbase’s shrinking cold account.
- Over 26 million XRP shifts spark speculation on exchange strategies.
- Long-term holders balance fears of sell pressure from whale inflows.
Massive XRP movements have once again caught the attention of the crypto community. According to Captain Redbeard on X, a transfer of 10 million XRP flowed from Upbit Exchange to a destination wallet.
According to another report issued by Whale Alert, 16,508,780 XRP valued at over $51 million was transferred to Coinbase by an unidentified wallet. Together, these transactions highlight more than 26.5 million XRP shifting hands within hours.
Market watchers closely monitor the whales’ activity, as transfers to the exchanges often indicate a possible selling force. In the meantime, withdrawals to personal wallets can be regarded as indicators of accumulation. The two movements conjoining suggest that both exchange positioning and an investor’s storage strategy are taking place concurrently.
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Holding Trends and Market Signals
Glassnode data provides further insights into how holders are behaving. Recent HODL waves show a growing share of XRP remaining in mid- to long-term ranges.
Price action has not been extreme and has consolidated between $3 and $3.4 in the past few months. Simultaneously, ownership distribution statistics disclose that more wallets have been holding XRP for over six months, balancing short-term exchange inflows with long-term conviction.
Coinbase’s Role Under Scrutiny
Some observers warn that massive inflows to Coinbase could influence price dynamics, especially with the shrinking of its XRP cold wallets. Traders have been alarmed by this decline, which is viewed as an indicator that liquidity support is limited and that XRP activity may be suppressed.
Others highlight that the steady rise in long-term holding suggests investor confidence remains firm despite exchange-level changes. The holding trend can still dampen the volatility in the short term, as doubts remain on whether Coinbase is manipulating the supply of XRP in the market.
Conclusion
XRP’s recent whale transfers among major exchanges have sparked speculation about underlying strategies and market intent. With over 26.5 million XRP in motion, investors are weighing both the risks of sell pressure and the strength of continued holding patterns. The interplay between these forces will remain critical for XRP’s outlook in the weeks ahead.
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