Whale movement boosts bullish momentum, but distribution concerns arise. Mixed on-chain activity and overbought RSI could challenge XRP’s breakout above $3.66.

A massive 210.6 million Ripple [XRP] tokens, worth $738 million, has been transferred between unknown wallets, raising speculation around whale intentions. 

This development has sparked debate among traders about whether it signals accumulation by large holders or a covert distribution setup.

While the transfer aligns with a broader bullish narrative, its anonymous nature introduces caution.

Combined with XRP’s ongoing price consolidation below key resistance, the move could either reinforce buying pressure or precede a potential cooldown.