XRP News Today: XRP Sees $60 Million Transfer to Coinbase Amid 4.4% Price Gain

In a significant development, a large transaction involving $60 million worth of XRP has been confirmed by blockchain tracker Whale Alert. The transfer of 25.49 million XRP to Coinbase from an untagged wallet has sparked speculation about potential sell-side activity. This movement comes at a time when XRP has been trading within a positive range, with a 4.4 percent increase in the past 24 hours, rising from $2.26 to $2.40. Despite a 22.2 percent drop in daily trading volume, the asset's market cap now stands at $141.3 billion.

The price of XRP has been moving between $2.28 and $2.40, with buyers primarily in control. The sentiment towards the asset remains stable, and the technical setup continues to show bullish indications. Market analyst Ali Martinez identified an inverse head-and-shoulders formation on XRP’s 4-hour chart, with the neckline placed between $2.31 and $2.33. This formation suggests potential price targets at $2.4560, $2.5259, and $2.6299. Additionally, CryptoWZRD characterized the general trend as upward, with the next upper limit at $2.5160. The growth of wallets also indicates positive momentum, with XRP holders increasing to 6.61 million, and 2,743 addresses now holding at least one million XRP, signaling greater large-scale accumulation.

Beyond the Coinbase-bound movement, the XRP network has seen another significant transaction involving nearly $500 million worth of tokens. Whale Alert reported that 214,148,716 XRP were transferred from a long-term wallet to a newly activated address established in June 2025. The recipient address now holds over 708 million XRP, making it one of the largest individual holders on the XRP Ledger. Initial investigations suggest that both wallets are linked to Uphold, a centralized platform known for holding substantial XRP reserves. Analysts believe this transaction was part of Uphold’s internal restructuring or cold storage realignment, as there was no official statement or public warning before the move. The receiving address showed no external interference, reinforcing views that it was a custodial operation. Despite the vast nature of the transaction, the price and trading volumes of XRP were not disturbed, indicating that the tokens exchanged did not affect public liquidity.

In summary, the $60 million transfer to Coinbase has raised concerns about potential market activity, while the $500 million internal transaction linked to Uphold suggests long-term custodial planning. These movements reflect a complex landscape where institutional strategies and technical signals continue to shape XRP’s path forward. The overall sentiment towards XRP remains positive, with technical indicators and wallet growth signaling investor confidence in the asset.