XRP News Today: Whale Moves 26.9 Million XRP to Coinbase, Market Shows Resilience

On July 10, 2025, a significant transaction occurred in the cryptocurrency market as a whale transferred 26.9 million XRP, valued at approximately $58 million, to Coinbase. This large-scale movement sparked debate and speculation among market observers, who closely monitor such transfers for potential market impacts.

The transfer, identified by Whale Alert, marked the largest movement of XRP since June. Historically, similar transfers have led to market turbulence, with a previous instance resulting in a 2% price drop and over $9.5 million in liquidations. However, in this case, the immediate market impact was subtle, with XRP prices only dipping by 0.3%. This muted reaction contrasted with earlier responses, where price declines were more pronounced.

Despite the significant transfer, the broader market remained largely unaffected. Economic activity and liquidity monitoring revealed no significant shifts in Total Value Locked (TVL) or major changes within the decentralized finance (DeFi) ecosystem. Major cryptocurrencies such as Bitcoin and Ethereum showed no notable reaction to the XRP event, indicating a level of market resilience.

The potential regulatory implications of this transfer remain uncertain, as no official statements from the Securities and Exchange Commission (SEC) or major institutional platforms have been issued. Analysts are closely watching future outcomes regarding XRP liquidity, market volatility, and potential selloffs. Historical trends suggest that such large transfers often lead to occasional bearish pressures, though the current resilience of the market might indicate a change in dynamics.

According to a cryptocurrency market analyst, "Such large transfers typically fuel market fears of imminent selloffs... however, the immediate market reaction was muted." This observation highlights the market's ability to absorb significant inflows without substantial volatility, a sign of growing maturity in XRP's market behavior.

The actual motive behind the Ripple whale transfer remains unclear. However, the event tested the market's strength, and XRP demonstrated its ability to withstand such movements. This resilience could be attributed to the robust demand for XRP, which has seen a significant surge in value, rising above $2 and tripling its value since November 2024. Early investors have seen gains exceeding 300%, sparking a wave of profit-taking.

According to Glassnode, $68.8 million in profits were being cashed out daily in early June. This data highlights how holders who bought at lower prices are now selling, with key moments including the sharp rise in late 2024 and the steady climb in 2025. The market's ability to absorb such large transfers without significant volatility suggests a growing maturity and resilience in the XRP ecosystem.