- A whale moved 25.5M XRP ($56M) to Coinbase—right after, the price jumped.
- Ripple dropped its SEC appeal, and ETF speculation is building hype.
- Investors remain cautiously bullish as XRP defies usual sell-off patterns.
June 30 brought another eyebrow-raising moment for XRP watchers. Whale Alert, the go-to for tracking large crypto movements, flagged a huge transfer—25.5 million XRP sent to Coinbase in one shot. That’s around $56 million worth… and yeah, people noticed.
Now usually, when that much crypto hits an exchange, it’s not a great sign. Traders assume someone’s about to sell, maybe even dump. But this time? Things didn’t play out the way you’d expect.
XRP Price Rose After the Whale Move
Here’s where it gets weird—instead of tanking, XRP’s price spiked. After the whale pushed all that XRP to Coinbase, the market actually pumped. We’re talking a jump from $2.20 to $2.29 in under an hour. That’s a 4.68% boost, which is… not what you’d call normal following a potential sell-off.
And the wallet that made the move? Totally unknown. No exchange label, no previous public record—just a stealthy whale making a splash.
Legal Drama Fades, ETF Hopes Rise
XRP’s been in the spotlight lately, and not just for price action. Ripple recently ended its drawn-out cross-appeal fight with the SEC, which cleared up some legal fog that had been hanging over the token for ages. That, combined with growing chatter around a possible spot XRP ETF, has the community buzzing.
So maybe this whale wasn’t selling after all? Maybe it’s just positioning. Or testing liquidity. Or prepping for… something. That’s what a lot of folks are now speculating.
Mixed Signals, But Optimism Growing
Truth is, no one really knows what’s behind the move. Big exchange transfers typically scream “sell,” but this one? It flipped the script. Instead of red candles, we got green ones. The XRP crowd isn’t complaining though. Some even think this could be the beginning of a stronger run.
For now, all eyes are on what comes next. Whether it’s ETF news, another price push, or just a quiet fade back to the norm—XRP’s still center stage.
