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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.
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.
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.
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.
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.
Gamza Khanzadaev
Alex Dovbnya
Arman Shirinyan