A huge transfer of 88 million XRP flows between Binance and Binance Exchange

Blockchain tracker Whale Alert reported that XRP whales moved more than $88 million of XRP to Coinbase and from Binance to unknown wallets amid a slight market decline.
In a financial operation monitored by blockchain enthusiasts, XRP whales have made a series of high-value transactions, sparking speculation about their next strategic move.
The movements, captured by blockchain tracking service Whale Alert, involved more than $88 million in XRP, including transfers to Coinbase and from Binance to unknown wallets. This activity is happening despite XRP losing 0.57% in value over the past 24 hours.
Large transfers to Coinbase
According to the Whale Alert report, multiple high-value transactions were recorded from unknown wallets to Coinbase, the first of which involved 39,401,162 XRP, worth approximately $20,712,323. The sender transferred funds from the wallet address “rnnXxL5TQV…11Z5ZKaAN5” to the recipient address “rUjfTQpvBr…GG76nvp8Ln” on Coinbase.
The transaction took place three hours ago and was immediately followed by a similar high-value transfer involving 39,635,128 XRP worth $20,835,314. Funds were transferred from another unknown wallet (rEUiR8963k…oMqtxzmzWP) to Coinbase, and the receiving wallet was the same as the previous transfer. This indicates a coordinated effort by whale actors.
Likewise, a series of large transfers continued, involving 39,564,579 XRP, worth $20,798,228, from another unknown wallet (rGL7E9s5Gs…qp51eXJ2pj) to Coinbase. The receiving wallet is again matched with the one from the previous transaction.
Transfer from Binance to unknown wallet
In addition to transfers to Coinbase, there were also notable movements from Binance to unknown wallets. One notable transfer involved 25,371,334 XRP, worth approximately $13,365,853. This transaction was initiated from a Binance wallet (identified as rDAE53VfMv…Qxfht6JPxr) and sent to an unknown wallet address rarG6FaeYh…gFsPn2bZKk.
Another notable transaction saw 24,887,349 XRP, worth approximately $13,076,779, transferred from Binance to another unknown wallet. The sender’s wallet address is the same Binance wallet used in the previous transaction, while the receiver’s address is rfQ9EcLkU6…eN47Rk8Cvi.
XRP Technical Indicators
The XRP market is currently showing signs of consolidation with low volatility, with the MACD indicator trending below the zero line at -0.00084 on the one-day chart. This position indicates a period of hesitation among traders and suggests that a breakout in either direction could occur.

XRP Technical Indicator Sources
Tradingview
Further supporting this observation, the histogram of MACD shows bars around the zero line, indicating a lack of momentum in the market. Meanwhile, the RSI indicator is in the neutral zone at 49.91, reinforcing the view that the market trend is unclear.
Since the RSI is neither in the overbought nor oversold territory, this confirms that the market is in a state of equilibrium with no significant buying or selling pressure.
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