Whale moves $237M in XRP as price stays flat — is stability at risk?

A recent transfer of over $237 million worth of XRP has raised concerns within the crypto community, following its detection by Whale Alert approximately 16 hours ago.

The substantial transfer did not result in any price fluctuation, sparking speculation that the token may be facing underlying market inefficiencies.

Despite the size of the transaction, XRP continues to trade at $2.43, showing a 4% decline in the past 24 hours.

The lack of reaction has led many traders and on-chain analysts to question whether this was a genuine purchase or simply an internal movement.

Source: CoinMarketCap

Analysts question if transfer reflects market demand

The transfer, while massive in nominal terms, was interpreted by Ripple’s Chief Technology Officer David Schwartz as likely being a wallet withdrawal rather than a fresh acquisition.