Strange 69,999,999 XRP Transfer Just Hit Chain: Is It Ripple Selling Again?
Analysis
Price Impact
LowA substantial 69,999,999 xrp transfer initially raised concerns about a potential ripple sell-off. however, it was swiftly clarified as an internal binance subwallet transfer for operational purposes, such as rebalancing hot/cold storage or managing liquidity. this significantly reduces the likelihood of negative market impact.
Trustworthiness
HighThe initial report from whale alert, a reliable transaction tracker, was quickly followed by a credible explanation from 'xrpwallets', an xrp-focused account, identifying the transaction as an internal binance maneuver, which is a common and routine exchange practice.
Price Direction
NeutralGiven the clarification that the transfer was internal to binance, the market is expected to largely treat it as 'noise'. xrp's price is anticipated to remain stable, likely within the $1.80-$1.85 range, unless new information suggests otherwise. significant upward or downward pressure from this specific event is unlikely.
Time Effect
ShortThe initial apprehension regarding the large transfer was quickly mitigated by the clarification. any immediate market reaction or lack thereof has already been largely absorbed, and no prolonged effect from this specific event is expected.
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Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News One transaction worth $131,219,756 using 69,999,999 XRP just got everyone's attention, and the size is big enough to matter. The routing looked a bit vague at first, marked as unknown-wallet-to-unknown-wallet, according to Whale Alert . That is the exact combination that makes anyone talking about large holders, treasury flows and the usual suspect that still moves the market with headlines — Ripple. Advertisement At today's price of about $1.87 per XRP , the transfer is in that tricky middle zone — not a multimillion-dollar event, but not pocket change either. That is why it was seen as a selling narrative right away, since big outbound moves that later land in known exchange clusters often happen before supply hits spot books, spreads widen and there is a quick risk-off reaction in the alt complex. XRP/USD by TradingView But the story took a turn real quick. XRP-focused account "XRPWallets" explained it as an internal Binance "subwallet" transfer. That is what you see when an exchange reorganizes hot and cold storage, rebalances operational wallets or rotates inventory for liquidity management. HOT Stories Total Number of XRPs Held on Exchanges Revealed Crypto Market Prediction: Ethereum (ETH) Can See $3,000 Right There, This Is Where XRP Recovers, Solana (SOL) on Strongest Support in 2025 XRP Becomes Top-Traded Token on Major Exchange XRP Flips BTC, Ethereum and Solana in ETF Inflows, Bitcoin Hits 3,436% Liquidation Imbalance, Shiba Inu (SHIB) Price Sees Golden Cross — Crypto News Digest What happens next? Assuming the Binance read is correct, the base case is limited price impact. XRP is currently trading near $1.87, and the market is likely treating the transfer as noise as long as the price remains within the $1.85-$1.80 range. Advertisement You Might Also Like Wed, 12/31/2025 - 05:03 Total Number of XRPs Held on Exchanges Revealed By Alex Dovbnya However, if it is not exchange plumbing, and the coins continue to head toward known distribution routes, the near-term outlook becomes clearer. Holders will start to price in the additional spot supply, and XRP could quickly push down to $1.85 , followed by $1.80. If that fails, the next support levels are $1.75 and $1.70. On the other hand, the "not as bad as feared" scenario involves reclaiming $1.95, which could put $2.00 back in play and reopen the $2.10-$2.20 supply zone from earlier price movements. Advertisement #XRP #XRP News #Ripple News