Ripple-Linked Address Transfers 50 Million XRP Amid Speculation

A significant movement of XRP tokens has been observed, drawing attention from market participants. On August 13, an address linked to Ripple transferred 50 million XRP to a new wallet, with 1 million of those tokens later moving again to a Binance-linked wallet.

This transfer is notable as it marks the largest transaction since the receiving address received 150 million XRP on August 7. The total value of the transferred tokens was $50.5 million at the time.

The movement has sparked speculation about possible internal reshuffling between Ripple wallets and whether short-term selling supply may emerge. On-chain data shows that the receiving address, raRV...yNRf, appears to be unidentified but has a connection to Ripple based on previous flows.

Market participants are watching for any indication of actual selling following the transfer to a Binance-linked wallet. The price action is weak, with XRP trading in the $1 range and posting its lowest recent closing price since 2024. Technical indicators remain cautious, with XRP staying below its moving averages and a high share of long positions.