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Key Takeaways:
- Whale activity involving hundreds of millions in XRP has triggered intense community speculation and could precede high volatility.
- XRP price remains bullish, with analysts eyeing $5.85 and $9.76 as possible breakout levels.
- Institutional interest grows, with XRP’s inclusion in top ETF proposals despite ongoing SEC uncertainty.
The XRP market is heating up, with crypto prices rising and whale activity ramping up. A series of high-value XRP transfers flagged by Whale Alert has stirred speculation within the XRP community, especially with Ripple-linked wallets in play and major exchanges like Coinbase receiving large inflows.
200 Million XRP Moved Twice in Days
According to Whale Alert, 200,000,005 XRP—worth over $700 million—was moved between two unknown wallets, sparking immediate attention. While some community members speculated it could be a whale cashing out, XRPwallets clarified that the transaction came from a Ripple-controlled wallet active since June 2020 and was moved to a newly created subwallet.
🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 200,000,005 #XRP (700,609,232 USD) transferred from unknown wallet to unknown new wallethttps://t.co/w1U8Ei5XoZ
— Whale Alert (@whale_alert) July 23, 2025
This marks the second time in days that Ripple has shifted 200 million the coin, raising concerns and theories around internal fund management, preparation for institutional trades, or even distribution for liquidity purposes.
Coinbase Receives 16.8M XRP—Bearish Signal?
Further fueling discussion, 16.8 million the coin (worth $58.3 million) was sent from an unknown wallet to Coinbase, a move traders often interpret as bearish due to potential sell-offs. Market watchers believe this could signal some profit-taking or liquidity provisioning after XRP’s recent rally.
Additionally, another Ripple-linked transaction of 210 million XRP (valued at $738 million) was recently tracked, showing an ongoing pattern of large-scale fund movements.
XRP Price Targets: $5.85 and $9.76 in Sight?
Despite whale movements, XRP remains strong, currently trading at $3.47, up 0.5% in the last 24 hours. Market analyst Dark Defender highlighted potential upside targets at $5.85 and $9.76, based on Fibonacci extension levels.
$XRP targets $5.85 & $9.76 as the Next Fibonacci Levels.
— Dark Defender (@DefendDark) July 22, 2025
Supports are $3.39, $3.52.
We already warmed up & are ready for the next leg UP!
Not Financial Advice. pic.twitter.com/bn4W7dpG9o
Support levels at $3.39 and $3.52 appear to be holding firm, adding weight to a bullish continuation. Traders are closely monitoring the next resistance points, especially as strategic moves from whales often precede major price swings.
Also Read: XRP Consolidates Above $3.35 Amid $258M in Short Positions and ETF Hype
XRP recently gained attention after the SEC initially approved Bitwise’s plan to convert its Bitwise 10 Crypto Index Fund (BITW) into a spot ETF. The fund includes the coin alongside BTC, ETH, and SOL—signaling growing institutional interest and regulatory progress.
However, optimism was tempered after the SEC paused the approval, reflecting lingering regulatory caution. Still, XRP’s inclusion in such ETFs is a positive sign for long-term legitimacy and demand.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
