Ripple Sparks Market Buzz with 70M XRP Transfer, Bulls Guard $2.40

Ripple Shuffle: 70,000,000 XRP Moves — What it Means for Markets

A prominent on-chain observer, Xaif Crypto, flagged a large transfer today: 70,000,000 XRP moved into a Ripple-controlled wallet, drawing immediate attention across trading desks and crypto communities. 

The size of the move, roughly $173.6 million at recent prices, makes it one of the larger single-day shifts of XRP in recent months and sparked questions about intent and market impact. 

Blockchain data shows the coins moved to a Ripple subwallet, not a public exchange, reducing immediate sell-off concerns. 

Notably, such internal transfers are often linked to operational liquidity management, including routing funds for On-Demand Liquidity (ODL) corridors that facilitate cross-border payments. 

Therefore, this can be viewed as routine liquidity activity rather than a market dump.

Additionally, large internal XRP transfers often signal broader operational strategies, such as supporting liquidity corridors, institutional products, or ecosystem initiatives. Yet these moves frequently spark speculation, from traders, influencers, and crypto media, amplifying market volatility regardless of the transfer’s actual purpose.

XRP Faces Short-Term Pullback as Technical Indicators Signal Potential Rebound

According to crypto pundit Naveed Ahmad, XRP witnessed a dip to $2.5017, marking a 0.06% decline following the emergence of a Change of Character (CHoCH) pattern, a technical signal often hinting at a potential market shift. 

The move saw XRP break below its Equal Low (EQL) level, suggesting that short-term bearish momentum may be gaining traction after a strong run earlier in the month.

The CHoCH pattern, closely watched by technical traders, typically represents the first sign of a possible trend reversal. In XRP’s case, the break below the EQL level indicates that bullish momentum may be weakening, allowing sellers to temporarily gain control. 

However, Ahmad notes that this phase could also be part of a broader market consolidation, rather than the start of a full-fledged downtrend.

XRP’s Relative Strength Index (RSI) now hints at potential oversold conditions. This momentum indicator, which gauges the speed and magnitude of price moves, suggests selling pressure may be waning, raising the possibility of a near-term rebound.

Furthermore, the $2.40 support is presently the one to watch because a hold could spark renewed buying, while a break may trigger deeper corrections before accumulation resumes with the price standing at $2.41.

Conclusion

Ripple’s 70 million XRP transfer may raise eyebrows, but on-chain data points to an internal liquidity adjustment rather than a market sell-off. The move highlights Ripple’s active reserve management to support operational needs, including cross-border payment corridors and strategic initiatives.

Meanwhile, XRP’s recent dip underscores the tension between short-term bearish pressure and rebound potential. The CHoCH pattern signals caution, RSI points to oversold conditions, and $2.40 serves as a key support. Holding this level could spark bullish momentum, while a breakdown may trigger deeper corrections.