$108 Million in XRP Shifts Mysteriously: What Are Whales Up To?
Analysis
Price Impact
MedA $108 million xrp transfer between unknown wallets has sparked speculation and contributed to immediate price declines, pushing xrp below its $2 support level. the mystery surrounding the whale's intent (buy, sell, or redistribution) creates uncertainty.
Trustworthiness
MedThe data from whale alert regarding the transfer amount and time is reliable. however, the interpretation of the whale's intent and its direct contribution to price movement remains speculative due to the unknown nature of the wallets.
Price Direction
BearishThe news highlights 'massive price declines,' a 'negative price trend,' and xrp losing its '$2 support level' in the immediate aftermath of the mysterious transfer. while investors remain confident in a long-term recovery, the short-term impact is clearly negative.
Time Effect
ShortThe immediate effect is a price drop and increased trading volume due to uncertainty. however, the article also notes investor confidence that the correction will be 'short-lived' with a predicted $2.50 target still intact, suggesting a rebound if no further negative catalysts emerge.
Original Article:
Article Content:
Cover image via U.Today Read U.TODAY on Google News XRP, the fourth-largest cryptocurrency by market capitalization, has suddenly withdrawn from its recent rally, showing massive price declines over the last day. Advertisement Amid the negative price trend, a massive XRP transaction has raised eyebrows across the crypto community, as data from blockchain monitoring firm Whale Alert shows millions of XRP being mysteriously shifted at once. According to the data, over 53.7 million XRP worth about $108,046,173 was transferred between two unknown wallets on the XRP Ledger on Wednesday, December 11. HOT Stories 4 Reasons Why XRP Matters Named by 21Shares as New XRP ETF Wins SEC Approval Morning Crypto Report: XRP Loses 89% in Fee Revenue, Satoshi Nakamoto Appears at New York Stock Exchange, Bitcoin Rockets 3,065% in Liquidation Imbalance Strategy Might Sell Bitcoin, CEO Says Crypto Market Prediction: Ethereum (ETH), King of Altcoins, Is Back; Is XRP Ready for Price Jump? Shiba Inu (SHIB) Fails First Resistance Test With the XRP community closely watching onchain movements amid rising curiosities about the asset’s next price action, the transfer has immediately sparked speculation about the intent behind the mysterious whale activity and potential market implications. Advertisement Is XRP rally over? While the addresses involved in the large XRP transfers were not identified with any exchange, crypto custody providers, nor a major institution, traders have expressed concerns about the mysterious nature of the transfer. As the sender and destination of the transaction remain unknown, it is hard to tell if the move was a mere institutional redistribution or an attempt to sell or buy the asset in the specified quantity. You Might Also Like Thu, 12/11/2025 - 16:36 All L1s to Zero? Arthur Hayes Sparks Debate Over XRP's Fate By Tomiwabold Olajide Advertisement While the exact motive behind the transfer remains undisclosed, analysts have suggested that it has contributed to the drawdown in the XRP price movement and, obviously, the 18.59% surge in its trading volume over the last 24 hours. Amid the plummeting market condition, XRP has lost its crucial $2 support level, revisiting $1.99 following about a 4% price decline over the last day. Despite this negative trend, investors have expressed confidence that the ongoing correction will be short-lived and the asset will return to the upside zone, as the predicted $2.50 target remains intact. #XRP #XRP Price Prediction #XRPL