Whale Moves $60M XRP to Coinbase: What’s Next for Ripple’s Price?

A massive whale transaction involving 25.49 million XRP, worth over $60 million, was recently sent to Coinbase, sparking speculation about a potential market shift. Despite a 22.2% drop in daily trading volume to $3.3 billion, XRP's price has climbed 4.4% in the last 24 hours, currently trading around $2.40. With a market cap of $141.3 billion, the cryptocurrency shows a positive trend as buyers maintain control in the $2.28 to $2.40 range. This move has left many wondering whether this signals a bullish continuation or a precursor to a larger market adjustment. Technical indicators suggest sustained buyer interest, but the whale's deposit to a major exchange like Coinbase could indicate impending volatility. As the market digests this development, all eyes are on XRP's next price action.

Whale Drops $60M XRP on Coinbase—What’s Next for Ripple’s Price?

A significant whale transaction involving 25.49 million XRP, valued at over $60 million, was sent to Coinbase, sparking speculation of a potential market move. XRP's price climbed 4.4% in the last 24 hours, trading around $2.40, with a market cap of $141.3 billion. Despite a 22.2% drop in daily volume to $3.3 billion, the price trend remains positive, with buyers maintaining control in the $2.28 to $2.40 range.

Technical analysis reveals a bullish inverse head-and-shoulders pattern, with traders eyeing a breakout toward $2.60. The number of XRP holders has grown to 6.61 million, indicating rising long-term investor confidence. Wallets holding at least 1 million XRP have also increased, further underscoring institutional interest.

XRP Bulls Target $2.6 Amid Whale Activity and Market Optimism

Ripple's XRP surged 4.8% as it broke through a key resistance level, igniting bullish sentiment among traders. The ascending pattern breakout suggests potential for a rally toward $2.6, though whale movements hint at volatility ahead.

Whale Alert reported a $60 million XRP transfer to Coinbase, signaling possible profit-taking. Despite this, rising spot interest and futures market Optimism paint a bullish macro picture. The resistance zone remains contested, with sell orders testing the asset's upward momentum.

Long-term holders appear undeterred, maintaining accumulation strategies as whale wallets grow. Market participants watch for sustained green candles to confirm the breakout's validity.