Within the final 24 hours, XRP has rebounded from $2.06 to $2.14 as bullish sentiment helps the asset’s rally. This growth may need triggered different actions on the broader cryptocurrency market. Notably, a large switch of over 29 million XRP hit Coinbase inside this time-frame, fueling hypothesis.
XRP whale motion stirs bearish fears
Per the Whale Alert replace on X, an unknown pockets transferred 29,532,534 XRP, valued at $62.6 million, to Coinbase. The huge switch alerts giant holder positioning to commerce on the biggest crypto alternate within the U.S.
🚨 🚨 🚨 29,532,534 #XRP (62,598,579 USD) transferred from unknown pockets to #Coinbasehttps://t.co/Tcc6GpOM8Z
— Whale Alert (@whale_alert) April 21, 2025
Usually, when tokens are moved to an alternate, it usually means that the proprietor could have plans to promote. If that’s the case with this large switch, the XRP group may need trigger to fret as this might set off bearish sentiment.
If the whale decides to dump over 29 million XRP onto the market, it might spark related sell-offs, which might place downward stress on the value. This growth might wipe out what little acquire the coin has registered within the final 24 hours.
Whale Alert’s replace is critical because the actions of enormous holders have a notable affect on market dynamics and will trigger market volatility.
Many who observe the coin’s efficiency could also be within the impression of this large switch on worth.
XRP’s bullish momentum faces check
As of press time, XRP’s worth was altering arms at $2.12, a 3.49% improve within the final 24 hours. In response to CoinMarketCap knowledge, XRP buyers are actively transacting the coin, as buying and selling quantity has spiked by 50.45% to $2.43 billion.
The delicate rally in worth means XRP is now not low cost in comparison with its worth inside the final 30 days, when it traded at $1.69. The dip supplied buyers, together with whales, a possibility to purchase at a reduction.
If market members maintain bullish momentum, the impression of the 29 million XRP gross sales won’t be too extreme if keen patrons snap them up. It is because the present uptick within the worth has been attributed to market engagement from buyers.
