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- Aug 11, 2025 12:14 UTC
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Ripple News: XRP Whales Transfer $53M to Coinbase Amid Bullish Price Setup
Whale Alert flagged $53M XRP moved between Coinbase wallets, sparking community speculation on intent.
Coinbase operates 27 high-balance XRP wallets, making this move a small portion overall.
XRP’s chart forms a bullish V-shape pattern, with key resistance set at $3.30.
A huge XRP transaction has caught the crypto community’s attention, raising questions about its purpose. According to Whale Alert, $53 million worth of XRP was suddenly moved to Coinbase from an unknown wallet.
However, this move raises the question of whether the whale is preparing to sell this large chunk of XRP or if there’s another motive behind it.
$53M Worth of XRP Tokens Moved
According to blockchain tracker Whale Alert, a staggering 16.69 million XRP, worth around $53.16 million, was moved from an unknown wallet straight to Coinbase.
Whale alert data confirmed that the transaction wasn’t from an external wallet at all. Instead, the tokens were moved between two of Coinbase’s cold storage wallets, one tagged as “197” and the other as “Cold Wallet 6.” Although both these wallets typically hold around 16.5 million XRP each.
While the reason for this transfer is unclear, whale activity of this size can sometimes signal short-term volatility. If the tokens are sold, it could add selling pressure on XRP’s price.
Whale Move Sparks Speculation
Coinbase reportedly operates around 27 similar high-balance wallets for XRP, meaning the $53 million transfer represents just a small portion of the exchange’s total holdings.
Meanwhile, such large transactions are often seen as signals of possible market shifts, especially when they involve centralized exchanges like Coinbase, where tokens can be quickly sold.
- Also Read :
- Ripple Confirms August 1B XRP Unlock, ETF Hopes Surge
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XRP Forming Bullish Pattern
Despite the size of the transfer, XRP’s price barely moved, currently trading around $3.20, reflecting a rise of 1%. However, Open interest in XRP derivatives has also climbed 15% to $5.90 billion, showing aggressive positioning from large market participants who appear bullish on XRP’s prospects.
Looking at the XRP price chart, it is forming a potential V-shape price chart, a good sign for the next leg. Meanwhile, the Key resistance sits at $3.30; a breakout above that could send XRP toward $3.50 or even $3.70.
If the level holds, sideways trading is likely to continue.
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FAQs
Coinbase operates ~27 high-balance XRP wallets, each typically holding ~16.5M XRP – this $53M transfer represents a small fraction of their reserves.
Not necessarily – Exchange cold wallet rotations are common for security. Watch for external deposits to exchanges (not internal moves) as real sell signals.
Likely—if spot ETFs get approved and Ripple’s banking partnerships expand, XRP could surpass its $3.66 ATH this year.
Yes 
No 
