Ripple-Linked Wallet Moves 50M XRP as Price Tests $1 Support

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 Ripple Wallet Activity Routes XRP Toward Binance 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 trai...