A large xrp whale movement of $127 million has occurred while the price is down 5%. while large transfers can sometimes indicate institutional activity, the bearish sentiment and lack of confirmation on the nature of the transfer fuel speculation of a sell-off, potentially adding to downward pressure or signaling a shift in holdings. however, the market is already in a corrective phase, so the direct impact might be moderate.
Whale alert is a reputable source for tracking large cryptocurrency transactions. the data is verifiable on the blockchain. the article cites whale alert directly, and the price drop is corroborated by market data.
The article explicitly states xrp experienced a 5.36% price decline in the last day and is trading at $1.33. the whale transaction is occurring during this downturn, and speculation points towards a potential sell-off, which, combined with existing bearish sentiment, suggests a continued downward trend or at least a lack of immediate upward momentum.
Whale movements can have a short-term impact on price discovery as traders react to the news. however, the long-term effect depends on the underlying reason for the transfer and broader market conditions. given the current negative sentiment and the nature of the transaction, the immediate effect is more pronounced.
Cover image via U.Today Add as a preferred source on Google News The crypto community has continued to face severe price corrections as bearish sentiment appears to be reaching peak levels. At such a sensitive time as this, large crypto transactions moving across blockchains have continued to catch the attention of market participants. Advertisement On Tuesday, Feb. 24, popular blockchain monitoring platform Whale Alert, which tracks down large cryptocurrency transfers, spotted a massive crypto transaction involving the fourth largest cryptocurrency by market capitalization, XRP. The data provided by the source revealed that the transfer, which has stirred discussions across the crypto market, saw a total of 95,935,471 XRP worth over $127 million move among two unknown wallets. HOT Stories Morning Crypto Report: Mr. XRP Yoshitaka Kitao Predicts 2026 On-Chain Revolution, Bitcoin in 'Not Digital Gold' Period: CryptoQuant CEO, Ethereum Foundation to Stake 70,000 ETH Bitcoin Breaks Below Critical $63,000 Support 🚨 🚨 🚨 🚨 🚨 🚨 95,935,471 #XRP (127,796,391 USD) transferred from unknown wallet to unknown wallet https://t.co/VMq6yIaBes?from=article-links — Whale Alert (@whale_alert) February 24, 2026 XRP whale pulls off mystery move It is important to note that the nature of the transfer could not be confirmed as the sender and receiver of the large XRP transaction was not disclosed. Advertisement As such, speculation around the transaction has only sparked a selling narrative, with commentators suggesting that it could be Ripple selling or a major institution focused on XRP. While investors have expressed resilience amid prolonged market volatility, the timing of the transfer has sparked more doubts and fears than hopes in the minds of investors, slowing optimism for a potential price resurgence. Advertisement The move was made while XRP was trading in deep red territory, showing a massive price decline of 5.36% over the last day. Notably, the asset is trading at $1.33 as of writing time, according to data from CoinMarketCap. Considering the prolonged downturn in the price of XRP , it appears that the large transfer spotted earlier has not in any way impacted the asset’s price movement positively, suggesting that it was a sell attempt. #XRP #XRP Price Prediction #ripple