- 70M XRP (close to $173.6 million) moved into a Ripple-controlled sub-wallet, not an exchange.
- Until that wallet transfer to exchange deposit addresses, the read stays operational routing, not selling.
- XRP trade today: Support at $2.35 while resistance is at $2.77. Above $2.77 opens $3.20 to $3.40
A 70 million XRP transfer hit a Ripple sub-wallet while XRP traded nearabout $2.50. Because the destination was internal (not a known exchange address), the move did not add immediate sell supply to public order books.
How much of XRP moved and where it landed
The transaction bundled 70,000,000 XRP, about $173.6 million at current pricing into a Ripple-controlled sub-wallet. Sub-wallets are waypoints Ripple uses for On-Demand Liquidity (ODL), working capital, and corridor balancing. That structure lets the company stage funds for settlements without touching exchange books.
Continuity bridge because this was not an exchange deposit, the flow by itself doesn’t pressure XRP’s spot price. Price action after the transfer stayed near $2.50, which fits an operational read.
Related: XRP’s Capped Supply Leads As Price Holds $2.40 to $2.60, Eyes $2.65 Break
The transaction, first flagged by blockchain tracker “XRPwallets,” could signal Ripple’s preparation for ODL expansion, possibly related to its RLUSD rollout for institutional clients.
Others remain cautious, warning that large wallet activity often precedes increased market volatility, particularly as investors brace for key ETF-related decisions later this month.
Has this affected XRP price today?
So far there haven’t been any telltales of a distribution, that is, no outsized spot dump tied to the wallet nor any liquidation spike after the whale move.
Earlier in October, whale inflows to Binance did align with drawdowns; those inflows have already eased into today’s XRP price, helping stabilize near $2.50.
Analysts call this a potential cooling phase, with some of the excess liquidity already flushed from the system.
XRP Price Analysis
Key XRP Levels to Watch
- Support: $2.35. Hold $2.35 and the range can persist while flows stay internal. Lose it on rising volume and the market often checks demand closer to $2.00.
- Resistance: $2.77. This sits near a descending trendline that capped recent rallies. A clean daily close above $2.77 clears that cap and opens $3.20 to $3.40 where prior supply sits
XRP Momentum Indicators
- RSI: high-30s, which means, weak, not deeply oversold, consistent with a cooling phase after the slide.
- MACD: negative but flattening, which signals downside impulse slowed as flows normalized around $2.50.
So based on the transfer alone, there is no proof of Ripple selling XRP today. At best, the move reads operational unless coins hit exchanges. XRP’s trade still turns on flow direction and the $2.35 – $2.77 band that sets the next leg.
Related: XRP Price Prediction: CME Launches XRP Options And Outflows Deepen
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Source: https://coinedition.com/is-ripple-selling-xrp-today-70m-wallet-flows/