- Ripple-linked wallet moves 65,000,000 XRP as market watches closely
- XRP price weakens but avoids panic despite large on-chain transfer
- Technical indicators show caution while traders await further wallet activity
A large XRP transaction involving a Ripple-linked wallet has drawn renewed attention across the digital asset market. According to Whale Alert, 65,000,000 XRP valued at $121,634,495 moved from Ripple to an unknown wallet.
The transfer appeared on the XRP Ledger and quickly circulated across monitoring platforms. However, available on-chain data did not confirm any immediate connection to exchanges, reducing fears of direct market dumping.
Besides wallet destination concerns, traders monitored price behavior for confirmation signals. XRP price was down over 1% at the same time as the transaction, but it still did not confirm whether the coin was sold in the open market or not.
Moreover, Ripple has historically shifted XRP between wallets for operational reasons. These actions often support liquidity management rather than market distribution. Significantly, no secondary transfers from the receiving wallet emerged at the time of observation.
That absence limited short-term selling assumptions. Additionally, previous Whale Alert updates involving Ripple wallets have followed similar patterns. Many later proved unrelated to open-market sales. Consequently, analysts focused on verifiable data instead of speculation. Blockchain transparency allowed independent validation of the transfer details.
Also Read: 20,000,000 XRP in One Day Draws Attention – Here’s What’s Happening
XRP Price Action Reflects Cautious Market Sentiment
Technical indicators showed XRP trading under short-term pressure despite the lack of confirmed selling. The daily chart displayed price movement below the 20-day simple moving average. Moreover, Bollinger Bands showed XRP hovering near the lower band around $1.79. That position often reflects short-term weakness rather than panic selling.
Additionally, the relative strength index stood near 38 on the daily timeframe. This reading suggested weakening momentum without entering extreme oversold conditions. Besides momentum signals, recent candles showed limited follow-through from buyers. That behavior pointed to cautious sentiment rather than aggressive exits.
However, price stability above recent lows indicated controlled trading conditions. The market appeared to digest information instead of reacting impulsively. Furthermore, technical levels remained intact despite the whale alert. Traders continued monitoring whether support zones would hold.
Overall, the 65,000,000 XRP transfer reignited debate around Ripple’s token movements. According to Whale Alert, the transaction stood out due to its scale and unknown destination. Consequently, attention remains on follow-up wallet activity and price confirmation. Market participants continue relying on on-chain data and technical signals to guide expectations.
Also Read: Pundit Tells XRP Holders: “By the Time Price Reacts, the Train Is Already Full” — What It Means
