- Ripple’s massive mid month XRP transfer raises fresh questions across markets.
- XRPSCAN confirms Ripple shifted 200 million XRP between internal wallets.
- XRP price weakens near support as traders monitor incoming technical signals.
According to Whale Alert, Ripple moved 200,000,000 XRP valued at roughly $445 million in a mid-month transfer that immediately drew market attention. Whale Alert did not specify the parties involved, and the transaction initially appeared to involve an unknown wallet.
A review of the transfer details on XRPSCAN showed that the movement occurred between two Ripple-controlled wallets, confirming it as an internal transaction. Besides that, the size and timing prompted analysts to assess Ripple’s latest liquidity adjustments during a period of broader market softness.
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Transfer Aligns With XRP Testing Support Levels
Significantly, the transfer took place while XRP traded near the lower Bollinger Band, with the price hovering around $2.14 and support forming near $2.08. Moreover, XRP remains below both the 20 SMA and 50 SMA, which reflects continued downward pressure across the daily chart.
The RSI (14) stands near 38.50, highlighting weakened momentum as buyers show limited strength. Additionally, the indicator has remained below the midpoint for several sessions, reinforcing the cautious sentiment surrounding XRP.
Ripple has not provided any public comment on the purpose of the internal shift. However, the transaction did not impact the circulating supply, so market focus remained on technical conditions rather than the wallet movement.
Traders continued watching the price behavior as XRP attempted to stabilize near current levels. Furthermore, resistance remains visible near $2.32, making it a key zone for any short-term recovery if momentum improves.
Ripple’s mid-month transfer of 200,000,000 XRP, confirmed by XRPSCAN as an internal movement, aligned with a period of declining momentum for the asset. Continued monitoring of technical indicators and wallet flows will guide expectations as XRP trades near support.
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