The post Ripple Moves $152M in XRP to Binance Amid 600M Token Wallet Shuffle appeared first on Coinpedia Fintech News
Ripple has carried out another large XRP transfer, sending more than 75 million XRP to a wallet tied to Binance, worth about $152 million. The move was spotted on December 12 by Whale Alert, which tracks major blockchain activity. This transfer happened right after Ripple shuffled over 600 million XRP across several internal wallets, catching the attention of the wider community.
How the Transfers Happened
The latest transfer started from Ripple’s main wallet, known as Ripple (50). From there, the coins were sent to a smaller Ripple-controlled wallet and then forwarded to “rpxh7h,” a wallet activated by Binance. Since Binance wallets handle exchange deposits, movements like this often spark discussion about Ripple’s intentions, especially when the amounts are this large.
Around the same time, Whale Alert also flagged another 90 million XRP transaction. Later checks showed that it was simply an internal move between eToro’s own wallets, not a market-related transfer.
Ripple’s Wallet Shuffle Continues
Ripple has reorganized a huge chunk of its holdings in the last 24 hours, moving more than 600 million XRP into different subwallets and fresh addresses. These reshuffles usually signal internal restructuring rather than market activity, but the community still watches them closely because Ripple holds such a large supply of XRP.
XRP ETFs See Steady Inflows
While these transfers were taking place, spot XRP ETFs continued to attract money. According to SoSoValue, the funds brought in around $16.42 million in new inflows on Thursday. Total inflows into XRP ETFs are now approaching $1 billion, with the 21Shares TOXR ETF joining other active products in the market. This steady demand has helped XRP maintain some price support even while traders remain cautious.
XRP Price Movement
XRP is trading around $2.04, with 60.33 billion tokens in circulation out of a 100 billion max supply. The token is far below its $3.84 ATH from January 2018 but still massively higher than its $0.0028 ATL, showing a long-term recovery despite recent pressure. The chart remains weak, stuck in a downward pattern since October, with the 50-day SMA at $2.26 and the 200-day SMA at $2.60 sitting above the current price. Trading volume has fallen nearly 30%, and futures open interest sits at $3.69 billion, hinting at softer trader activity even though CME and Binance saw small upticks. After the recent wallet movements, XRP managed only a small bounce.
Analyst EGRAG CRYPTO says XRP is at a make-or-break point: if the asset is sitting in his “red zone,” he believes traders should reduce exposure and prepare for a final push upward; but if it’s in the “green zone,” he views this moment as an opportunity to buy dips and position for a larger long-term move.
