Ripple sends $152 million in XRP to Binance – market reacts

Ripple has once again drawn the attention of the crypto market after transferring another massive batch of XRP to a wallet linked to Binance. The move came just hours after the company internally reorganized more than 600 million XRP across its sub-wallets — prompting speculation about whether Ripple is preparing for larger operations or simply restructuring reserves.

Ripple Sends More Than 75 Million XRP to Binance On December 12, blockchain tracker Whale Alert flagged a major transaction:

Ripple transferred 75,316,328 XRP from its main wallet (Ripple 50) to its sub-wallet “rnU65s,” and from there to “rpxh7h,” a wallet activated by Binance. At current market prices, the value of the transfer totaled approximately $152.98 million. The scale of the transaction immediately fueled discussions about whether the influx of new XRP on Binance could create short-term selling pressure.

Another 90 Million XRP Moved — But This Time Only Internal Transfers Whale Alert also detected a second large transaction — 90 million XRP worth nearly $185 million. On-chain analysis later confirmed that this movement was internal activity between eToro sub-wallets, with no tokens heading toward exchanges.

Ripple Reorganizes Over 600 Million XRP in a Single Day Even more notable is that Ripple, on the same day: moved hundreds of millions of XRP internally,reshuffled numerous sub-wallets,and activated new addresses for reserve management. Such large-scale internal restructuring often precedes increased operational activity, OTC transactions, or reallocation of company-held XRP.

Institutional Demand Holds Strong: XRP Spot ETF Sees Fresh Inflows Despite Ripple’s heavy wallet movements, investor appetite for XRP remains strong. On Thursday alone, XRP spot ETFs recorded $16.42 million in inflows, according to SoSoValue.

Year-to-date inflows are nearing $1 billion, with the newly launched 21Shares XRP ETF (TOXR) joining the growing list of active funds. Spot ETF demand continues to counterbalance selling pressure on the open market.

Will XRP Fall Below $2 Again? Last week, Ripple transferred over $101 million worth of XRP to Binance — and within hours, the price dropped more than 5%. Current dynamics suggest a market at a critical turning point: XRP has been stuck in a descending channel since October,A breakout attempt toward $3 failed during the October 10 market crash,The price is now struggling to hold the $2 level. Short-Term Action At the time of writing, XRP is trading at: $2.04 (+1.70% over the past few hours)daily range: $1.98–$2.05 A troubling sign is that 24-hour trading volume has fallen by 30%, indicating a cooling interest from traders. Futures Market Weakens According to market data: total open interest for XRP futures has dropped in recent hours,24-hour open interest is down 0.33% to $3.69 billion,CME futures OI is up 2%, while Binance OI is up 0.41%, hinting at shifting trader positioning rather than increased enthusiasm.

What’s Next for XRP? Historically, large outbound transfers from Ripple have often preceded short-term volatility.

At the same time, growing ETF inflows show that institutional demand for XRP remains strong. The market now appears balanced between two possible outcomes: a dip below $2, if selling pressure increases on exchanges,a rebound toward $2.28, if investor interest improves and Bitcoin resumes upward movement.

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