Ripple just moved 200,000,000 XRP in a single shot. The transfer, spotted by Whale Alert on Aug. 18, set crypto chatter ablaze as markets reeled from a broad selloff.
At 17:23 UTC, Ripple’s wallet “rBg2Fu”, tagged as Ripple (1) on XRPScan, sent 200M XRP worth $606.2M to “rJqiMb.” Whale Alert flagged it as an unknown address. But XRPScan data marked the recipient as Ripple (50), showing the coins stayed within Ripple’s control.
That makes this an internal shuffle. Ripple routinely cycles XRP between affiliated wallets. Reasons range from funding its settlement platform, to liquidity provisioning for institutions, to simple treasury management. But history says internal moves don’t always end there.
The Ripple (50) wallet often forwards funds to “raRVLN,” an address that regularly routes XRP toward Binance. At the time of writing, the stash remains untouched. But traders know the pattern: what starts as an internal move can still end up on exchanges.
Market Backdrop, BTC Leads the Slide
The timing fuels speculation. The transfer landed as Bitcoin plunged to $114,700 on Monday. On-chain data shows long-term BTC holders unloading $3.7B into the dip. That flush sent shockwaves across the market.
XRP wasn’t spared. The token broke below $3 support for the first time in weeks. CoinMarketCap data shows XRP at $2.95 as of press time. That’s a 21.6% drop from its July 18 high of $3.66.
For traders, optics matter. A $606M Ripple move on the same day BTC cracks and XRP slips through support is fuel for bearish narratives. Even if internal, the size adds to uncertainty.
#Ripple Moves 200,000,000 #XRP to Unknown Address: Here’s Where the Funds Could be Heading.🧵🧵🧵 pic.twitter.com/oH6MqcKQrL
— TheCryptoBasic (@thecryptobasic) August 19, 2025
Why Ripple’s Moves Matter
Ripple’s treasury activity always gets outsized attention. The company still holds billions in XRP, and wallet moves often trigger speculation about intent. Even when on-chain data proves internal, the market reads it as a potential sell signal.
Ripple itself has said these movements can serve multiple purposes. Liquidity for cross-border settlement. Institutional allocations. Internal shuffling. Yet, the repeated flow from Ripple (50) to “raRVLN”, and eventually to Binance, keeps suspicion alive.
Whale Alert’s tweet on the 200M transfer quickly went viral. Traders, analysts, and XRP holders debated whether this stash would eventually hit order books. In a fragile market, perception often outweighs reality.
Zooming Out, XRP’s Volatile Summer
XRP has had a turbulent few months. From the mid-July spike above $3.60, price faded steadily. Sellers leaned in as the market cooled. Now, after Bitcoin’s drawdown, XRP tests the same critical levels again.
Despite the selloff, XRP still carries a market cap near $170B, per CoinMarketCap. That cements it as one of the largest assets in crypto. Its liquidity and history mean whale moves stand out far more than they would for smaller tokens.
What Comes Next
The playbook is straightforward. If Ripple (50) holds the coins, the move remains an internal shuffle with no direct price impact. If funds flow to “raRVLN” and then to Binance, markets may brace for sell pressure.
All eyes now sit on those wallets. On-chain trackers will sound the alarm if coins shift again. Traders will watch $2.81 to see if support holds.
Ripple moved $606M worth of XRP on a red Monday. The stash sits in a Ripple-tagged wallet for now. But past patterns point to possible exchange flows.
XRP trades at $2.95, down 21.6% from July highs. Resistance looms at $3.30–$3.40. Strong support sits at $2.81. A break lower could push to $2.60.
The timing, the size, and the market backdrop make this move one to watch. Whether internal or not, Ripple’s 200M shuffle adds fuel to the narrative: in shaky markets, every whale move matters.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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Source: https://nulltx.com/ripple-moves-200m-xrp-as-price-dips-under-3/