XRP Whale’s $73M Coinbase Transfer Signals Bullish Confidence Amid Market Rally

On May 12, a notable transaction involving 29,532,534 XRP (worth ~$73.38 million) was sent to Coinbase, sparking speculation about a potential sell-off by a major holder. Despite this, XRP continues to defy market corrections, showcasing strong bullish momentum with a 6.87% surge in 24 hours, stabilizing around $2.53 after briefly touching $2.63. The move, tracked by Whale Alert, highlights heightened activity among large holders as XRP outperforms broader market trends.

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

A significant transfer of 29,532,534 XRP, valued at approximately $73.38 million, was sent to Coinbase on May 12, drawing attention from the crypto community. The transaction, tracked by Whale Alert, suggests a potential sell-off by a large holder as XRP defies broader market corrections.

XRP has maintained bullish momentum, rising 6.87% over the past 24 hours to stabilize around $2.53. The coin briefly held steady at $2.63 for six hours, indicating a pause in its upward trend as short-term traders likely took profits.

While most major cryptocurrencies face pullbacks after a recent rally, XRP continues to outperform, showcasing resilience in a volatile market. The whale’s MOVE to Coinbase underscores heightened activity among large holders amid the asset’s strong performance.