15.06.2025 13:29

A significant XRP whale recently transferred 26.8 million XRP tokens, worth approximately $57.7 million, to Coinbase. This large-scale transaction fuels concerns about increasing sell pressure within the XRP market, potentially signaling weakening price support. The move comes amidst a four-day decline in XRP's price, dropping from $2.33 to $2.08, suggesting a bearish trend.


Analysis from internet sources indicates a prevailing sell-off, citing the substantial inflow of XRP to exchanges and a low taker buy-sell ratio. This suggests a market dominated by sellers, intensifying the pressure on XRP's price. The transfer to Coinbase, a major cryptocurrency exchange, strengthens the likelihood of imminent selling, posing a risk to the $2 support level and potentially triggering a further decline towards $1.90.


The recent activity underscores a broader pattern of large XRP transactions, identified by internet sources which show a consistent trend of significant spot market orders. Data analysis from several internet sources indicates these large transactions reflect distribution activity from major holders rather than accumulation, further highlighting the bearish sentiment. This whale's actions, combined with the overall market trend, paint a picture of significant selling pressure putting downward pressure on XRP price.