Massive $60,000,000 XRP on the Move – Here’s Where It’s Going

• $60 million XRP heads to Coinbase, sparking sell-off concerns.
• Whale transfers nearly $500 million XRP to newly activated wallet.
• XRP climbs 4.4% as wallet growth signals investor confidence.

A large XRP transaction involving $60 million worth of tokens has raised market eyebrows, with blockchain tracker Whale Alert confirming the movement of 25.49 million XRP to Coinbase. The funds originated from an untagged wallet, prompting fresh speculation over possible sell-side activity.

Amid XRP’s continued trade within a positive range, the transfer has attracted attention due to its timing. Despite a 22.2 percent drop in daily trading volume, the asset climbed 4.4 percent in the past 24 hours, rising from $2.26 to $2.40.

That advance has taken its weekly gain to 10.2 percent, and its market cap now amounts to 141.3 billion.

The trading range in the day has seen buyers primarily in control of the price, which has moved between $2.28 and $2.40. While a drop in volume persists, price action is holding on, and the sentiment towards the asset is staying put.

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Another Massive XRP Transfer Surfaces Amid Custodial Restructuring Signals

Beyond the Coinbase-bound movement, the XRP network has also seen a significantly larger transaction involving nearly $500 million worth of tokens. According to Whale Alert, 214,148,716 XRP were transferred from a long-term wallet to a newly activated address that previously showed no transaction history.

The recipient address, established in June 2025, now holds over 708 million XRP, making it one of the largest individual holders on the XRP Ledger. Initial investigations revealed that both wallets are linked to Uphold, a well-known centralized platform that holds substantial XRP reserves.

Analysts suggest the transaction was part of Uphold’s internal restructuring or cold storage realignment, as there was no official statement issued and no public warning before the move. The receiving address showed no external interference, reinforcing views that it was a custodial operation.

In spite of its vast nature, the price and trading volumes of XRP were not disturbed. The fact that the tokens exchanged did not affect public liquidity also leads observers to believe this signifies that the action was even more internal.

The $60 million transfer to Coinbase, however, is receiving a different treatment since the receiving party is a public exchange. Such activity commonly results in assumptions of a forthcoming sell-off or reallocation.

Technical Setup Remains Bullish Despite Whale Moves

Meanwhile, Ali Martinez, a respected market analyst, identified an inverse head-and-shoulders formation on XRP’s 4-hour chart, with the neckline placed between $2.31 and $2.33. This level has had the price break out, and its current bullish indications are likely to be at $2.4560, $2.5259, and $2.6299.

In the meantime, CryptoWZRD characterised the general tendency as upward, with the next upper limit being $2.5160. Nevertheless, the market structure has been friendly in the long-term analysis.

Good momentum is also shown in the growth of wallets, as XRP holders have increased to 6.61 million, with 2,743 addresses now holding at least one million XRP, indicating greater large-scale accumulation.

Conclusion

While the $60 million XRP transfer to Coinbase signals potential market activity, the $500 million internal transaction linked to Uphold suggests long-term custodial planning. Together, these movements reflect a complex landscape where institutional strategies and technical signals continue to shape XRP’s path forward.

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