A large XRP transfer to Coinbase this morning is drawing attention from traders and market watchers.
On-chain tracker WhaleAlert.io flagged a movement of 89,828,700 XRP — roughly $119 million — that originated from wallet rMWqYat3nJXSLoyqB5tUsfYp6KLgoMHXT. The funds were routed through an intermediate address, rwnYLUsoBQX3ECa1A5bSKLdbPoHKnqf63J, before landing in a Coinbase-associated address (rRmgo6NW1W7GHjC5qEpcpQnq8NE74ZS1P).
Transactions of this size, often dubbed “whale moves,” are closely monitored because inflows to centralized exchanges can increase liquidity and sometimes precede selling or portfolio rebalancing by large holders. That said, exchange transfers aren’t definitive sell signals — they can also reflect custody migrations, over-the-counter settlement, or other operational activity.
The timing and scale of the transfer make it notable for traders of the payments-focused token. XRP is trading near $1.33, essentially flat over the past 24 hours, but still more than 60% below its peak in the summer of 2025. As with other big on-chain movements, the market impact will depend on whether the deposit results in actual sell pressure or is part of non-market activity.
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