A $119 Million XRP Deposit to Coinbase Signals Potential Selling Pressure
SK
Spencer Kingsley
Coinbase · Apr 13, 2026
Source: DojiDoji Data Terminal
A $119 million deposit of XRP into Coinbase could create a sell wall that prevents the token's price from climbing higher in the short term. The transfer involved 89,828,700 XRP, which moved from a private wallet through an intermediate address to a Coinbase-linked account. Moving assets from cold custody to a centralized exchange makes them liquid, allowing for immediate sale or swap.
This movement occurs as XRP trades at $1.33, more than 60% below its peak from the summer of 2025. While institutional holders sometimes move funds for portfolio rebalancing or over-the-counter trade agreements, the size of the transaction is sufficient to influence retail trader sentiment. If the whale decides to sell, the current support levels will be tested.