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One transaction worth $131,219,756 using 69,999,999 XRP just got everyone's attention, and the size is big enough to matter. The routing looked a bit vague at first, marked as unknown-wallet-to-unknown-wallet, according to<a href="https://x.com/whale_alert/status/2006063093487464567?s=46&amp;t=WcuOKMo62Zy4eG9Be-uY1A" rel="noopener noreferrer nofollow">Whale Alert</a>. That is the exact combination that makes anyone talking about large holders, treasury flows and the usual suspect that still moves the market with headlines — Ripple.
At today's price of about<a href="https://u.today/total-number-of-xrps-held-on-exchanges-revealed" rel="noopener noreferrer nofollow">$1.87 per XRP</a>, the transfer is in that tricky middle zone — not a multimillion-dollar event, but not pocket change either. That is why it was seen as a selling narrative right away, since big outbound moves that later land in known exchange clusters often happen before supply hits spot books, spreads widen and there is a quick risk-off reaction in the alt complex.<img src="https://u.today/sites/default/files/inline-images/image_3686.png" alt="&quot;&quot;">
But the story took a turn real quick. XRP-focused account "XRPWallets" explained it as an internal<a href="https://u.today/binance-2026-delisting-alert-link-ada-bch-major-crypto-pairs-to-be-axed" rel="noopener noreferrer nofollow">Binance</a> "subwallet" transfer. That is what you see when an exchange reorganizes hot and cold storage, rebalances operational wallets or rotates inventory for liquidity management.
<h2 id="what-happens-next">What happens next?</h2>
Assuming the Binance read is correct, the base case is limited price impact.<a href="https://u.today/xrp-news" rel="noopener noreferrer nofollow">XRP</a> is currently trading near $1.87, and the market is likely treating the transfer as noise as long as the price remains within the $1.85-$1.80 range.
However, if it is not exchange plumbing, and the coins continue to head toward known distribution routes, the near-term outlook becomes clearer. Holders will start to price in the additional spot supply, and<a href="https://u.today/crypto-market-prediction-ethereum-eth-can-see-3000-right-there-this-is-where-xrp-recovers-solana" rel="noopener noreferrer nofollow">XRP could quickly push down to $1.85</a>, followed by $1.80.
If that fails, the next support levels are $1.75 and $1.70. On the other hand, the "not as bad as feared" scenario involves reclaiming $1.95, which could put $2.00 back in play and reopen the $2.10-$2.20 supply zone from earlier price movements.<a href="https://u.today/strange-69999999-xrp-transfer-just-hit-chain-is-it-ripple-selling-again" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

Strange 69,999,999 XRP Transfer Just Hit Chain: Is It Ripple Selling Again?

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