A Ripple-linked wallet moved 50 million XRP, worth more than $50 million at the time, to an internal subwallet on August 13. The movement came as XRP closed near $1.00, its lowest daily close since November 2024, while aggregate derivatives open interest climbed toward $986.48 million.
Transaction data showed that the Ripple (50) wallet first transferred the XRP to raRVLN1, an internal subwallet. The subsequent movements drew attention because XRP was trading near a key support area while derivatives data showed traders leaning heavily toward long positions.
🚨 🚨 🚨 50,000,000 $XRP (50,535,135 USD) transferred from #Ripple to unknown wallethttps://t.co/7ujhfHo6MH
— Whale Alert (@whale_alert) August 13, 2026
The raRVLN1 subwallet later distributed XRP, primarily in batches of 1 million tokens per transaction, to the rBNCyN address, which XRPScan data ties to Binance. Ripple-linked wallets sent a combined 23 million XRP to the rBNCyN wallet during the week, after which the tokens were moved on to Binance.
The activity likely reflects an operational liquidity wallet used for on-demand liquidity or market-making purposes. The transfer trail shows movement between related wallets and toward a Binance-linked address, but the on-chain data does not by itself establish the purpose of every transfer.
Source: Whale Alert
Active addresses on the XRP Ledger averaged about 35,700 per day in August, up from roughly 26,400 in July, while new-address creation remained nearly unchanged near 2,260 per day. The pattern suggests that existing users were becoming more active rather than indicating a broad wave of new users joining the network.
XRP was trading within a descending structure, with $1.022 identified as first resistance. A move above that level could open a path toward the $1.05-$1.07 zone, while a decisive move below $1.00 could expose the token to further downside.
The long/short ratio stood at 3.095 and the funding rate was positive at 0.0087, both indicating a strong long bias among derivatives traders. The source data also noted that crowded long positions could add liquidation risk if support fails.
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The $1.00-$1.015 area remained a key range for XRP. Holding that zone could keep the token in consolidation, while a break below it could lead to a deeper decline.
On the upside, a move above $1.022 would be the first important recovery signal and could bring the $1.05-$1.07 resistance area into focus.
Source: XRPUSD / Tradingview
With open interest near $986.48 million and long positioning elevated, the market’s reaction around support may be especially important.
The wallet activity, network data and derivatives positioning together show XRP facing a technical test near $1.00 as on-chain transfers continue to route funds through Ripple-linked addresses and toward Binance.
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The post Ripple-Linked Wallet Moves 50M XRP as Price Tests $1 Support appeared first on Coinspeaker.
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