Coinbase Receives 16.7 Million XRP in One Giant Deposit

Key Points

1. 16,698,207 XRP (around $53.16 million) was transferred to Coinbase in a single transaction.

2. The transfer was detected by Whale Alert and involved movement between two of Coinbase's cold wallets.

3. XRP's price remained stable at around $3.18, with $3.30 acting as a key resistance level.

4. Breaking the $3.30 resistance could push the price toward $3.50 or $3.70, while failure to break it may maintain the current sideways trend.

5. The XRP community closely monitors such large transactions, though this one did not significantly impact the market.