- Whale transfers signal strategic XRP moves amid rising retail optimism.
- XRP hits $3 before a sharp correction triggers mass liquidations.
- Open Interest spikes as traders anticipate a major XRP price shift.
Ripple’s XRP has become the focus of attention following an unusual transaction involving 167,694,497 tokens, worth over $497 million. According to Whale Alert, the 167,694,497 XRP were moved between two unidentified wallets, triggering speculation across the market.
This happened as XRP surged and moved up to the third-largest cryptocurrency position with a 413 million in 24-hour trading volume.
Although retail traders provided the push and pull on exchanges, whales were working behind the scenes. Their movement of large amounts of tokens to external wallets implies the possibility of continued hoarding for the long run.
Also Read: Why is XRP Price Falling All of a Sudden Today?
Notably, the accumulated Open Interest on XRP futures rose over 11 percent and reached $2.92 billion. This rise indicates growing speculative interest, with traders positioning ahead of expected price movement.
Nevertheless, Open Interest is not enough to establish the direction of the market, reflecting uncertainty in sentiment.
🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 167,694,497 #XRP (497,506,212 USD) transferred from unknown wallet to unknown wallethttps://t.co/Nkt32uQ7TL
— Whale Alert (@whale_alert) July 14, 2025
Retail Traders Move In as Whales Withdraw Quietly
CoinGlass data showed a wave of liquidations triggered by recent price movements. Short traders were hit hardest, losing $8.13 million, while longs lost $3.74 million.
In Binance, Long-biased traders accounted for 64.34 percent of the traders, resulting in a Long/Short Ratio of 1.80. This ratio signifies the belief of retail traders in anticipating further gains.
Exchange reserves also went up, meaning that several traders are still optimistic despite the market’s volatility. Nevertheless, the current state of off-exchange transfers can easily reverse the trend if big-pocket players appear back in exchanges.
XRP Faces Market Correction After Breaking $3 Level
XRP is reacting to broader market trends as its price undergoes a bearish reset, resulting in significant liquidations. CoinGlass recorded a 4,628 percent imbalance in liquidation volume during the last hour.
XRP fell to $2.81 after a short-lived rally to $3.02, which is probably a consequence of profit-taking. The long traders had liquidations of $159,820, whereas short traders experienced liquidations of $3,380.
At the moment, the price of XRP stood at $2.83, reflecting a 3.53 percent decline over the last 24 hours. The trading volume increased 20.62 percent to $11.3 billion, and the Relative Strength Index was at 83.56, indicating overbought conditions.
With increasing discretion in whale positioning and the continued action among retail players on exchanges, XRP’s market dynamics suggest a split environment.
While one group accumulates quietly, the other reacts to short-term price movements, adding further complexity to the token’s next direction.
Also Read: 3iQ XRP ETF Smashes $50 Million in 3 Weeks — Here’s What’s Happening
