Ripple Sparks Market Buzz with 70M XRP Transfer, Bulls Guard $2.40

Ripple Shuffle: 70,000,000 XRP Moves — What it Means for Markets A prominent on-chain observer, Xaif Crypto, flagged a large transfer today: 70,000,000 XRP moved into a Ripple-controlled wallet, drawing immediate attention across trading desks and crypto ￰0￱ size of the move, roughly $173.6 million at recent prices, makes it one of the larger single-day shifts of XRP in recent months and sparked questions about intent and market ￰1￱ data shows the coins moved to a Ripple subwallet, not a public exchange, reducing immediate sell-off concerns. Notably, such internal transfers are often linked to operational liquidity management, including routing funds for On-Demand Liquidity (ODL) corridors that facilitate cross-border payments.

Therefore, this can be viewed as routine liquidity activity rather than a market dump. Additionally, large internal XRP transfers often signal broader operational strategies, such as supporting liquidity corridors, institutional products, or ecosystem ￰2￱ these moves frequently spark speculation, from traders, influencers, and crypto media, amplifying market volatility regardless of the transfer’s actual ￰3￱ Faces Short-Term Pullback as Technical Indicators Signal Potential Rebound According to crypto pundit Naveed Ahmad, XRP witnessed a dip to $2.5017, marking a 0.06% decline following the emergence of a Change of Character (CHoCH) pattern, a technical signal often hinting at a potential market ￰4￱ move saw XRP break below its Equal Low (EQL) level, suggesting that short-term bearish momentum may be gaining traction after a strong run earlier in the ￰5￱ CHoCH pattern, closely watched by technical traders, typically represents the first sign of a possible trend ￰6￱ XRP’s case, the break below the EQL level indicates that bullish momentum may be weakening, allowing sellers to temporarily gain control.

However, Ahmad notes that this phase could also be part of a broader market consolidation, rather than the start of a full-fledged downtrend. XRP’s Relative Strength Index (RSI) now hints at potential oversold ￰7￱ momentum indicator, which gauges the speed and magnitude of price moves, suggests selling pressure may be waning, raising the possibility of a near-term rebound. Furthermore, the $2.40 support is presently the one to watch because a hold could spark renewed buying, while a break may trigger deeper corrections before accumulation resumes with the price standing at $2.41. Conclusion Ripple’s 70 million XRP transfer may raise eyebrows, but on-chain data points to an internal liquidity adjustment rather than a market ￰8￱ move highlights Ripple’s active reserve management to support operational needs, including cross-border payment corridors and strategic initiatives.

Meanwhile, XRP’s recent dip underscores the tension between short-term bearish pressure and rebound ￰9￱ CHoCH pattern signals caution, RSI points to oversold conditions, and $2.40 serves as a key ￰10￱ this level could spark bullish momentum, while a breakdown may trigger deeper corrections.