$70 Million in XRP Exits Coinbase, Who is Selling?
Analysis
Price Impact
MedA substantial $70 million xrp transfer to coinbase typically signals selling pressure, creating bearish sentiment. however, this event is largely counteracted by the simultaneous launch of two new xrp etfs (franklin templeton and grayscale), which have injected strong bullish optimism and led to an immediate significant price surge for xrp.
Trustworthiness
HighThe large transfer is reported by whale alert, a highly reliable blockchain tracker, and covered by u.today. the news of the xrp etf launches is verifiable and widely reported across crypto media.
Price Direction
BullishDespite a large whale deposit to coinbase, which would normally be bearish, xrp's price has surged by over 7% in 24 hours. this strong bullish movement is attributed to the launch of two new xrp etfs, indicating that the market is currently absorbing the potential selling pressure with significant buying interest and positive sentiment.
Time Effect
ShortThe immediate impact of the large xrp deposit is likely to be short-lived as the market processes the liquidity. however, the overarching bullish catalyst of the xrp etf launches has the potential for a more sustained, long-term positive effect on xrp's price and adoption.
Original Article:
Article Content:
Cover image via www.freepik.com Read U.TODAY on Google News XRP bulls exiting or taking profits? XRP responds to multiple ETF launches Advertisement After the long and deep crypto market correction that sent XRP to the deep red territory, XRP has finally turned green after multiple weeks of consistent lows. Amid this sudden shift in sentiment, a recent transfer involving XRP has raised concerns. On Monday, November 24, renowned blockchain tracker Whale Alert, which tracks down large cryptocurrency transfers, revealed that a massive 33,647,358 XRP has been dumped on the U.S. leading cryptocurrency exchange, Coinbase. The large transfer saw an unknown wallet send a large amount of the Ripple-associated tokens worth over $70.8 million back to Coinbase in under a minute. HOT Stories Ripple Doesn’t Have to Sell XRP, ‘Rich Dad, Poor Dad’ Author Urges Buying Bitcoin, 5.8 Billion SHIB Shorts Wiped Out — Crypto News Digest Morning Crypto Report: XRP and $1.69 Trillion Franklin Templeton, Coinbase Reveals Key Data for SHIB Holders, Bitcoin Prints 7,149% Liquidation Imbalance Ripple Executive Reacts to BlackRock’s First Abu Dhabi Board Meeting Strategy (MSTR) Having Second-Worst Month Since Buying Bitcoin XRP bulls exiting or taking profits? The transfer, which happened in a single transaction, has sparked curiosities among market participants about its intent. Advertisement Although it is common for large XRP transfers like this to happen on the exchange, the move has raised eyebrows due to its nature and timing. While large crypto deposits to exchanges are often interpreted as an attempt to sell off the tokens, the millions of XRP tokens landed on Coinbase just as market sentiment began shifting across the broader crypto market. You Might Also Like Mon, 11/24/2025 - 13:30 XRP Has 6 Days to Rewrite Current Negative Price History By Godfrey Benjamin Just like other leading cryptocurrencies, XRP is finally breaking its multi-week slump following a sharp price resurgence today. Notably, the sudden price reversal has seen XRP post massive gains of over 5% despite trading in the red earlier today. As such, the attempted sale of the massive amount of XRP has led the crypto community to wonder if whales are still bearish on the asset or if it is merely a move to claim profits after the massive losses suffered in the previous weeks. XRP responds to multiple ETF launches Earlier today, two new XRP ETFs, Franklin Templeton XRP ETF and the Grayscale XRP ETF, officially went live, causing a buzz in the XRP ecosystem. While the reason behind XRP’s sudden resurgence remains uncertain, these back-to-back ETF launches appear to have triggered the reversals, as they seem to have injected fresh optimism into the market.. Source: CoinMarketCap With XRP moving from red to green today, it is trading at $2.20 as of writing time, while projecting a 24 hour increase of over 7%. #XRP #Spot XRP ETF #XRP Price Prediction #Coinbase