Coinbase triggered fresh speculation today after a massive XRP transfer worth around $68.7 million was recorded. According to Whale Alert, 29,532,534 XRP tokens were moved internally across the exchange’s wallets.
Tracking from XRPWallets confirmed that the transaction was not an external cash-out but an internal adjustment. Coinbase’s movement continues a noticeable pattern, with several large XRP batches of around 3.88 million tokens moved into different sub-wallets over the last two weeks.
Besides raising eyebrows in the trading community, the latest transfer has fueled discussions about Coinbase’s intentions. Regular cold wallet activity points towards strategic asset reallocation rather than immediate sell pressure on the market. Consequently, the repeated structured movements reinforce the likelihood of operational reshuffling behind the scenes.
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XRP Market Outlook Strengthens Amid Rising Institutional Interest
The transfer comes as XRP is gaining stronger credibility across the financial sector. Recent developments have significantly reshaped the coin’s market profile and investment appeal.
ProShares launched XRP-based ETFs, offering investors a regulated exposure to the asset. Additionally, CME Group approved XRP futures trading, a move that opens XRP to deeper institutional adoption. Ripple’s lengthy legal battle with the Securities and Exchange Commission also concluded recently, clearing a major hurdle for market participants.
XRP exhibits sturdy market behavior, while other cryptocurrencies experience volatility. The asset sustains essential support zones and continues to demonstrate positive signs of healthy market performance. Estimates reveal that XRP could achieve a $3 value when momentum continues, while experts project that its long-term trajectory will direct it back to the $4.00 peak.
If CME launches futures trading on XRP, major institutional investors will likely take it seriously. Volume increases from institutional actors, combined with deepened liquidity, will create sustainable price gains.
Conclusion
Coinbase’s internal XRP transfer valued at $68.7 million has reignited market speculation. Combined with XRP’s strengthening position among institutional investors, the developments suggest bigger moves could be on the horizon for the digital asset.
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