Just as Ripple coin (XRP) touched the $2.29 resistance level again, some big-time crypto investors have started cashing out. In the latest instance found by Whale Alert, a whopping 33,647,358 XRP coins had been transferred from an unidentified crypto wallet to Coinbase.
Valued at $70,888,580 at stamped transaction time, this resembles a case of profit-taking. It can be understood that the crypto whale is calling the local top at $2.29, in disbelief that Ripple coin’s rebound rally could produce an extended streak.
XRP Gains Traction On Wall Street Debut
Recently entering Wall Street, XRP is moving upward on the Chicago Mercantile Exchange (CME) with the whales acquiring new positions for the fifth day in a row. The OG altcoin is witnessing Franklin Templeton’s ETF debut on the NYSE Arca today, while smaller-cap ETFs like Bitwise & Canary Capital have posted solid results.
This happened on the brink of a shifting XRP price trend, as several weeks of trading in all red had flipped into a more bullish stance. Fueled by multiple XRP Spot market price-tracking ETFs seeing the light of the day, confidence in XRP is also driven by compliance with the ISO 20022.
Compatibility with the new financial messaging standard attracts institutional investors, while Ripple Labs already shook hands with over 300 traditional banking institutions for blockchain integration.
Despite whales adjusting positions following this bullish news, Whale Alert’s example portrays a conflicting stance among big-time crypto players. Bears are still smelling blood as the Crypto Fear & Greed Index dwells in ‘extreme fear’ levels. With XRP’s price just breaching the EMA trend-line, rebound hopes heavily rely on the general crypto whale sentiment.
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On November 24, 2025, an unknown wallet transferred 33,647,358 XRP—worth about $70.88 million at the time—to Coinbase, per Whale Alert. These large inflows to exchanges often signal prep for sales, sparking immediate speculation.
It hit right as XRP showed early signs of a trend shift: after dipping 18% in early November to around $2.00, the price stabilized near $2.20 with rising ETF inflows and bullish chart patterns like a potential inverse head-and-shoulders. Whales dumping now could test that support.
Yes—XRP’s price slipped about 2% in the hours after the alert, trading around $2.05 as of late November 24. Volume spiked 15% on Coinbase, but open interest in XRP futures rose slightly, hinting at mixed bets between bears piling in and bulls defending the $2.20 support box.
It’s bearish short-term—similar dumps in January and February 2025 preceded 10–15% corrections after local tops. But with XRP up 120% YTD amid ETF hype, this might just be whales locking in gains from the recent rally, not a full capitulation. Watch for follow-through sales.
If $2.20 holds as support, analysts eye a rebound to $2.50–$2.80 fueled by Franklin Templeton and Grayscale ETF debuts. A break below could target $1.80, but rising whale accumulation elsewhere (e.g., 716 big transactions last week) suggests the dump might not derail the bull case entirely.
