The post XRP News Today: Ripple Moves 65M XRP as Market Remains Under Pressure appeared first on Coinpedia Fintech News
Ripple is back in the spotlight after moving a large amount of XRP off its wallet, reigniting debate around the token’s short-term outlook. Blockchain tracker Whale Alert flagged a transfer of 65 million XRP, valued at roughly $121 million, from a Ripple-linked address to an unknown wallet. The transaction arrived during a fragile market phase, immediately drawing attention from traders and analysts alike.
The XRP dump? Timing Raises Eyebrows
The transfer occurred as the broader cryptocurrency market was already under pressure. XRP itself was trading in the red, struggling to regain momentum after recent volatility. Because the funds were sent to an unidentified address in a single transaction, speculation quickly followed. Some market participants questioned whether Ripple was preparing for a sell-off or repositioning liquidity amid uncertain conditions.
That said, large XRP movements from Ripple are not unprecedented. The company has historically shifted tokens for operational reasons, including treasury management, partnerships, and supporting its payment infrastructure. Without further clarification, the intent behind this transfer remains unclear.
Sell-Off Fears vs Operational Moves
The crypto community appears split on what this move means. On one side, short-term traders worry that such a transfer could add selling pressure, especially as XRP continues to trade below key psychological levels. On the other hand, several observers argue the transaction may be linked to Ripple’s ongoing business activities rather than an outright dump.
Ripple has regularly moved XRP to support institutional clients and expand its cross-border payment services. Given the firm’s growing engagement with financial institutions, the transfer could reflect backend activity rather than a bearish signal.
XRP Price Still Under Pressure
Despite signs of steady institutional interest, XRP’s price action remains weak. Since the sharp market correction earlier this cycle, the token has struggled to hold higher levels. After briefly showing signs of recovery, XRP has slipped back into negative territory.
Crypto user, DeFi Peniel highlights a sharp divergence in XRP’s current setup, noting that while overall sentiment around the token has turned strongly bearish, capital flows tell a different story. He points out that XRP is still holding a key demand zone between roughly $1.82 and $1.98, suggesting the price is being defended despite lackluster action.
At the same time, XRP-linked investment products recorded nearly $44 million in net inflows on December 22, indicating institutional money is stepping in quietly. According to Peniel, this contrast between negative social sentiment and steady inflows is often seen during accumulation phases, where weaker hands have already exited, and larger players absorb supply before a potential shift in trend.
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