NewsBTC
Feb 1, 2026
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BEARISH 📉 : New XRP whale activity linked to 10% price drop

A newly activated whale address on the XRP ledger moved $120 million XRP through two transfers of $60 million each via an intermediary wallet.

Whale Activity and Fund Flow

  • The intermediary redistributed the funds to a holding address within an hour.
  • The receiving account now holds $185 million XRP, including a previous balance of $35 million.
  • There are no exchange or custodial tags on these addresses, complicating tracking efforts.

Blockchain transaction illustration

Potential Reasons for Transfers

  • Large holders often move funds for routine purposes like custodial management or exchange consolidations.
  • XRP's price dropped to the low $1.70 range, breaking below the $1.80 support and slipping about 10% since Jan. 29.

XRP Price Chart

Signals and Patterns

  • No immediate signs of buying activity, such as price upticks or increased spot volume, were observed.
  • Funds remained stationary, suggesting possible internal reshuffling rather than market accumulation.
  • Centralized routing through wallets is common for accounting or security before dispersal.
  • Lack of evidence that funds originated from exchanges indicates ambiguity in the nature of the move.
  • Similar patterns have been seen in past months, later identified as either routine housekeeping or coordinated buying.

Image from Unsplash, chart from TradingView