Blockchain monitoring platform Whale Alert has reported a massive XRP transaction involving 200,000,005 tokens. This large transfer occurred just three hours ago and amounted to approximately $700.6 million at the time of execution. Once again, the sender turned out to be Ripple, the fintech giant known for leveraging cryptocurrency technology. This transaction marks the third large XRP movement involving Ripple within the week, reinforcing a trend that has stirred speculation among analysts and traders alike.
XRP Wallet from 2020 Drained Completely
Shortly after Whale Alert disclosed the transaction, on-chain analytics account @XRPwallets provided further clarity. According to their post on X (formerly Twitter), Ripple initiated the transfer from a wallet that was activated in 2020 and contained 200 million XRP. The entire balance from this old wallet was moved to a newly created Ripple wallet, effectively draining the former completely.
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Notably, Ripple executed similar transfers on July 21 and July 22, each involving identical XRP amounts. These repeated actions suggest a strategic move, although Ripple has not issued an official statement explaining the motive behind the transfers.
Speculation Builds as Community Reacts
Community members responded to Whale Alert’s post with theories ranging from profit-taking by whales to preparations for a significant upcoming event. The timing and scale of the transactions have intensified these speculations.
Despite the concerns, @XRPwallets’ clarification helped cool some of the uncertainty. They emphasized that the sender and recipient wallets both belong to Ripple, indicating internal restructuring or preparation rather than external liquidation.
XRP Loses Momentum After Hitting $3.65 Twice
While Ripple moved massive amounts of XRP internally, the cryptocurrency’s price performance took a downturn. On Friday, XRP spiked to $3.65, nearly reaching its January 2018 all-time high. Following a brief correction, the token rebounded to the same level again on Monday. However, the surge did not last.
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Since touching $3.65 for the second time, XRP has dropped by nearly 5%. At present, the token trades around $3.46 per coin, signaling bearish pressure in the short term. As Ripple continues to shuffle large XRP sums across its wallets, market participants are closely watching for clues.
Whether these movements indicate future strategic actions, institutional setups, or internal reserve management remains unclear. However, the repeated transfers and declining price add fuel to ongoing market speculation. For now, all eyes remain on Ripple’s next move and on XRP’s ability to hold above critical support levels.
