This week, analyses show a significant movement of the XRP token, sparked by the transfer of nearly half a billion dollars to exchanges, raising investor concerns.
Possible Selling Pressure from Exchange Inflows
Blockchain scanners report that approximately 170 million XRP valued at $480–$500 million were moved into exchange wallets over the week. Such activity typically signals an increased likelihood of sell orders hitting the market. Data from analyst STEPH IS CRYPTO drew attention from traders, many of whom remain cautious about the implications of such large inflows.
XRP Price Holds Steady Amid Whale Activity
Despite the alarm, XRP’s price has remained relatively stable. As of report time, the token is trading at $2.80, holding within its recent seven-day range of $2.75 to $2.86. The stability suggests that, at least so far, markets have managed to absorb the pressure without significant downside.
Impact of Transfers on the Market and Prospects
Large wallet movements in the XRP ecosystem remain a key factor influencing sentiment. Transfers to exchanges may increase the risk of short-term volatility. However, some analysts have noted continued accumulation patterns among long-term holders, which could counteract potential selling pressure, allowing room for stabilization or strengthening of XRP.
Thus, the recent transfer of nearly $500 million XRP to exchanges has become a pivotal development for the market. While the full impact of this fact has yet to unfold, traders will pay close attention to its ramifications in the coming days.
