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.

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