$72,690,044 XRP Transfer Shakes Market – What’s Happening?

• $72 million XRP transfer sparks confusion, markets brace for impact.
• Whales dump 470 million XRP, fueling fears of deeper downturn.
• Analyst signals rebound, but selling pressure keeps XRP under strain.

A massive $72,690,044 worth of XRP was suddenly moved on-chain, sending shockwaves across the cryptocurrency community. According to Whale Alert, a blockchain tracker, 25,000,000 XRP have left Bitstamp for an unknown wallet, which immediately triggered speculations that large holders were buying Ripple during the recent market correction.

The progression immediately drew the interest of traders, who considered the move a bullish indication. However, post-data showed a very different picture, as XRPscan confirmed that the transfer was not sent by Bitstamp.

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Instead, the money was provided by BitGo, a large institutional custodian of digital assets. Notably, this was not an outside transfer but an internal transfer between wallets under BitGo control.

Whale Selling Escalates

Beyond the internal BitGo transfer, fresh on-chain data shows that whales are offloading significant amounts of XRP.

In the past ten days alone, large holders have sold nearly 470 million XRP. This heavy distribution has pressured prices, forcing XRP below the critical $3.00 level and sparking fears of further downside.

Analyst Points To Potential Rebound

Despite the aggressive selling, technical signals suggest a possible rebound. Analyst Ali Martinez pointed out a buy signal on the hourly chart with the TD Sequential indicator, which is used to predict trend reversals. His analysis suggests that in the short run, the momentum may turn back to sellers.

At the moment, XRP is at 2.89 after declining by 3 percent in the past 24 hours. Since hitting a high of $3.35, the cryptocurrency has declined by over 13 percent. The resistance is high at the 20-day EMA of $3.09 and 50-day EMA of $2.93, making the recovery process more difficult.

Market Outlook

The $72 million transfer underscores how quickly sentiment can swing when whale activity or exchange-linked movements are reported. Even internal custodian transfers can spark widespread speculation if misidentified.

With heavy whale selling ongoing and technical charts showing mixed signals, XRP faces a critical phase as traders watch whether it can hold key support or slip into deeper losses.

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