XRP Whale Moves Over $73M to Coinbase Amid Bullish Momentum

A massive XRP transfer has caught the crypto community’s attention after blockchain tracking firm Whale Alert reported a transaction of 29,532,534 XRP—worth approximately $73.38 million—sent to Coinbase on May 12. This large-scale movement comes as most major cryptocurrencies face a pullback following a recent bull rally, although XRP continues to defy the trend.

Despite broader market corrections, XRP has remained on a bullish path, rising 6.87% over the past 24 hours and stabilizing around $2.53, according to CoinMarketCap. The coin even held steady at $2.63 for over six hours, reflecting a brief pause in its upward momentum as short-term holders appear to be taking profits.

The whale transaction, executed from an unknown wallet to Coinbase in a single move, is widely seen as a potential sell-off. It reflects heightened activity among large investors, with a notable uptick in whale transfers over the past week. XRP’s trading volume has also surged over 139%, underscoring growing on-chain engagement and investor interest.

As XRP climbs back into the top three cryptocurrencies by market cap—overtaking Tether—the market remains optimistic about its future price trajectory. Some analysts speculate that XRP could maintain levels above $2 and potentially test the $3 mark soon, barring continued whale sell pressure.

Investor sentiment remains strong, with many expecting XRP to reach a new all-time high before the current bull market ends. However, sustained large-scale sell-offs could threaten the coin’s momentum. For now, XRP's bullish outlook stands firm as whales and institutions remain active in the market.