TLDR
- XRP price remains steady near $1.44 despite Ripple transferring 75 million tokens to Coinbase-linked wallets.
- XRP price trades in a tight $1.40–$1.45 range, showing consolidation after rejection near the $1.50 resistance level.
- XRP price momentum stays mildly bullish as RSI holds above 50 while MACD shows weakening bearish pressure.
- XRP price could retest $1.50 if resistance breaks, while a drop below $1.40 may push prices toward lower support zones.
Ripple transferred 75 million XRP to linked wallets and later routed part of the funds to Coinbase subwallets. The movement followed a recent XRP price recovery, while market participants continue tracking technical signals and exchange flows closely.
Ripple transfers XRP to Coinbase-linked wallets
On April 21, on-chain tracker Whale Alert reported a transfer of 75,000,000 XRP from a Ripple-linked wallet to another address. The transaction was valued at over $107 million at the time.
A widely shared tweet from Whale Alert noted the movement, drawing immediate attention from traders monitoring exchange inflows. The receiving wallet, identified as “rfRms,” was later linked to Ripple’s internal wallet structure.
Further blockchain data showed that the funds were split into five separate wallets. Each wallet received 15,000 XRP, indicating a structured redistribution pattern. These wallets were also associated with Ripple’s internal network.
Shortly after, two of those wallets moved a combined 50,000 XRP to Coinbase-linked addresses. One wallet transferred 25,000 XRP to a Coinbase subwallet, while another sent an equal amount to a different exchange-linked address.
Such movements often relate to liquidity operations, over-the-counter trades, or internal fund management. However, transfers to exchanges tend to attract attention because they may precede selling activity.
This activity follows earlier concerns after Ripple executive chairman Chris Larsen reduced holdings last year. As a result, market watchers remain cautious when large XRP price-related transfers reach exchanges.
XRP price holds range as technical signals remain mixed
The XRP price continues to trade near $1.44, maintaining a modest upward trend despite recent consolidation. The asset recorded a 24-hour range between $1.41 and $1.44, with trading volume declining by 12%.
Price action shows a steady climb from around $1.30 before facing resistance near the $1.50 level. After that rejection, the XRP price entered a sideways range between $1.40 and $1.45.
Technical indicators suggest a balanced setup. The Relative Strength Index stands at 55.88, indicating mild bullish momentum without entering overbought territory. This leaves room for further upside if buying pressure increases.
Meanwhile, the MACD indicator remains slightly below the signal line. However, the histogram continues to shrink, suggesting weakening bearish pressure. This pattern often appears before a potential crossover.
Source: TradingView
Support remains firm near $1.40, where multiple price rebounds have occurred. On the upside, resistance between $1.45 and $1.46 continues to limit short-term gains. A break above this zone may push the XRP price toward $1.50 again.
Derivatives data also reflects cautious optimism. Open interest in XRP futures rose to $2.60 billion, showing increased participation. Short-term data from major exchanges indicates steady buying interest in recent sessions.
ASLO READ: XRP Price Outlook Shifts as Ripple Banking Hopes Meet Rising Institutional Demand
At the same time, reduced spot volume points to a wait-and-see approach among traders. This aligns with the current consolidation phase, where the XRP price remains within a tight range.
If support at $1.40 holds, the broader trend may stay intact. However, failure to maintain this level could shift focus toward lower support zones near $1.38 and $1.34.
For now, the XRP price continues to compress within a defined range. Market participants are watching for a decisive move, which may follow once volume returns and resistance levels are tested again.
