Ripple has conducted an internal transfer of 200 million XRP, valued at approximately $445 million, between its own wallets, according to data from XRPSCAN. Initially reported by Whale Alert as a transaction to an unknown wallet, further analysis clarified it as an internal movement. This transfer comes as XRP trades near support levels, with its price around $2.14, below key moving averages.
Technical indicators suggest weakened momentum for XRP, with the Relative Strength Index (RSI) near 38.50 and resistance observed around $2.32. Despite the significant transfer, Ripple has not issued any comments, and the transaction did not impact the circulating supply of XRP.
Ripple Executes 200 Million XRP Internal Transfer Amid Market Fluctuations
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