Ripple’s 65M XRP transfer sparked sell-off fears, but past patterns suggest it may be routine treasury or operational movement rather than a confirmed bearish signal. Despite weak XRP price action and bearish sentiment, strong institutional inflows and defended demand zones hint at quiet accumulation beneath the surface. Ripple is back in the spotlight after moving a large amount of XRP off its wallet, reigniting debate around the token’s short-term outlook. Blockchain tracker Whale Alert flagged a transfer of 65 million XRP, valued at roughly $121 million, from a Ripple-linked address to an unknown wallet.
The transaction arrived during a fragile market phase, immediately drawing attention from traders and analysts alike. The transfer occurred as the broader cryptocurrency market was already under pressure. XRP itself was trading in the red, struggling to regain momentum after recent volatility. Because the funds were sent to an unidentified address in a single transaction, speculation quickly followed.
Some market participants questioned whether Ripple was preparing for a sell-off or repositioning liquidity amid uncertain conditions. On the other hand, several observers argue the transaction may be linked to Ripple’s ongoing business activities rather than an outright dump. Ripple has regularly moved XRP to support institutional clients and expand its cross-border payment services. Given the firm’s growing engagement with financial institutions, the transfer could reflect backend activity rather than a bearish signal.
XRP’s price action remains weak. Since the sharp market correction earlier this cycle, the token has struggled to hold higher levels. After briefly showing signs of recovery, XRP has slipped back into negative territory. Peniel highlights a sharp divergence in XRP’s current setup, noting that while overall sentiment around the token has turned strongly bearish, capital flows tell a different story.
He points out that XRP is still holding a key demand zone between roughly $1.82 and $1.98, suggesting the price is being defended despite lackluster action. XRP-linked investment products recorded nearly $44 million in net inflows on December 22, indicating institutional money is stepping in quietly. According to Peniel, this contrast between negative social sentiment and steady inflows is often seen during accumulation phases, where weaker hands have already exited, and larger players absorb supply before a potential shift in trend. A notable transfer of 65 million XRP, valued at roughly $121 million, was flagged by Whale Alert from a Ripple-linked address to an unknown wallet.
The move arrives as the broader cryptocurrency market faces selling pressure and XRP trades in the red, fueling speculation about a potential sell-off or liquidity repositioning. While some see this as routine treasury activity, others view it in the context of Ripple’s ongoing operations. Despite the weak price action, robust institutional inflows and defined demand zones hint at quiet accumulation beneath the surface. XRP remains defended within a key demand zone between roughly $1.82 and $1.98, suggesting buyers are absorbing supply despite lackluster action.
XRP-linked investment products recorded nearly $44 million in net inflows on December 22, underscoring quiet institutional interest. Peniel notes a divergence between negative sentiment and capital flows, a pattern often observed during accumulation phases where larger players absorb supply before a potential trend shift. This backdrop supports a cautiously bullish longer-term view, even as XRP faces near-term headwinds.
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