Large traders are on high alert after a massive amount of XRP (XRP-USD) hit one of the world’s biggest exchanges. On Monday, on-chain tracking services confirmed that nearly 89.8 million tokens were moved to Coinbase (COIN) in a single transaction.
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Valued at approximately $119 million, this whale movement has investors watching the order books closely. XRP’s price has remained flat over the last 24 hours and currently sits more than 60% below its peak from the summer of 2025.
Large Transfers Create Potential Selling Pressure on XRP
A massive move from a private wallet to an exchange often signals that someone is getting ready to trade. Moving funds to a platform like Coinbase makes the assets liquid, allowing them to be sold or swapped for other coins instantly.
The transaction involved roughly 89,828,700 XRP. The funds started in a private wallet before moving through an intermediate address and finally landing at a Coinbase-linked account. An interesting detail is that while the owner could be moving funds for safety or to rebalance their portfolio, a transfer of this size often creates a sell wall that can stop the price from climbing higher in the short term.
XRP Price Remains Stuck in a Long-Term Slide
Despite the noise around this transfer, the actual price of XRP hasn’t moved much today. The token is currently trading at $1.33, which is a far cry from the highs seen last year.
Market analysts point out that XRP has struggled to find its footing since its summer 2025 rally. The token has been stuck in a sideways trend for weeks. This latest injection of tokens onto an exchange suggests that large holders might be losing patience. If this whale decides to sell, the current support levels could be tested once again.
Why Monitoring Whales Matters
These large-scale movements are a major focus because whales have the power to move the market. Since these individuals or institutions hold so much of the total supply, their decisions act as a guide for where the price might head next.
The use of intermediate wallets is a common tactic to hide the identity of the original sender. The transparent nature of the blockchain means that even the most careful whales can’t move $119 million without notice. The market is currently playing a waiting game to see if this massive deposit is a sign of a looming sale or just a routine move by a major investor.
At the time of writing, XRP’s price is sitting at $1.3311.
