The post $70,224,089 XRP Stuns Coinbase in Minutes, What’s Happening? appeared on BitcoinEthereumNews.com.

According to blockchain data tracker Whale Alert, 25.49 million XRP worth more than $70.22 million was transferred to Coinbase in a matter of minutes, causing the market to take notice. The transaction came from an unknown wallet, which adds to the mystery surrounding the move. According to Whale Alert, “25,498,179 XRP worth $70,224,089 were transferred from an unknown wallet to Coinbase.” The timing of the transfer remains significant, as XRP has been in the green for five consecutive days, with a positive close today being the sixth, indicating sustained bullish momentum. You Might Also Like While the exact reason for the move remains unknown, the combination of rising prices and a whale-sized deposit onto a major exchange like Coinbase raises concerns: Is this a profit-taking move or just mere funds’ reshuffling? In the last 24 hours, XRP has seen an uptick in whale activity. On July 12, Whale Alert reported a move of 33,000,000 XRP worth $90,216,153 from South Korean crypto exchange Upbit to an unknown wallet. What’s happening? At the time of writing, XRP was up 1.11% in the last 24 hours to $2.82. XRP hit a four-month high of $2.97 on July 11 in a rise that’s now entering the sixth day. The surge coincided with a major increase in network growth (6,939 addresses created in a single day) and an increase in retail interest on social media. You Might Also Like Analysts also point to a strong technical structure underpinning XRP’s recent surge. According to veteran trader Peter Brandt, XRP is congesting on its USD monthly and weekly charts, ready to “possibly blast off.” In another tweet, Brandt stated that following April’s false breakout, the XRP chart has formed a compound fulcrum that has implications for “XRP price to trade at $4.4.” A confirmed breakout above $2.97…

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Filed under: News - @ July 13, 2025 10:24 am