XRP Faces Pressure After Major Transfer to Coinbase
XRP is clearly feeling the strain after a significant transfer of $214 million worth of the asset was moved to Coinbase, triggering market anxiety and the largest price drop seen recently.
On November 14, 2025, whale alert noted a transfer of 92.6 million XRP directly to Coinbase. This development raised alarm bells as many believe it will adversely affect the market.
Notably, this marks the largest XRP transfer to an exchange this year, catching the crypto community off guard. Traders reacted quickly to the news, with the sudden influx of XRP prompting fears of impending sales. When large amounts flow into exchanges like this, it’s often perceived as a signal for a potential sell-off, leading to heightened selling pressure in the market.
Market Anxiety Grows with Whale Movements
The transfer, valued at over $214 million, has been a significant factor behind XRP’s recent fluctuations. Interestingly, transaction volume surged by 33% to 7.63 billion transactions in just 24 hours, emphasizing the heightened activity among whales.
The price of XRP plunged to under $2.30—a decline exceeding 8% within a single day. Whales are clearly keeping a close eye on what unfolds next, as the pace at which holders decide to sell could dictate the immediate effects.
A wave of selling could lead to further market adjustments, and that uncertainty is leaving traders feeling uneasy.
Technical Indicators Show Weakness
On the technical front, XRP’s structure is faltering. The price dropped below the 50% Fibonacci retracement level at $2.38, as well as the 7-day SMA at $2.37.
These indicators suggest a momentum loss and signify a shift toward more fundamental corrections.
Current momentum indicators show a bearish trend. With an RSI at 48.7, it’s sitting in neutral territory—not oversold—but that might hint at further declines ahead.
The MACD is reflecting either negative or sideways momentum on short-term charts. Despite surging trading volume, XRP hasn’t managed a significant rebound.
Key Support Level at $2.21
A crucial support level for XRP is the 78.6% Fibonacci retracement at $2.21. If the price falls below this threshold, it could lead to further downward movements in value.
Keeping above this level is vital for establishing a more stable foundation for XRP moving forward.
The direction of the market will heavily depend on whale behavior, specifically whether buyers maintain confidence around the $2.21 price point as well as the volume trends in the next couple of days. For the time being, XRP’s price movements remain closely tied to the actions of large holders.
