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$120M XRP transfer to Coinbase sparks fears of big sell-off amid bullish long-term chart setup

Technical Signals
13 Apr 2026
Zycrypto
View Source
Bullish
pluang ai news

A large transfer of about $120 million worth of XRP to Coinbase has raised concerns that a major holder might be preparing to sell, increasing short-term selling pressure. The transfer involved nearly 90 million XRP moved through intermediary wallets to Coinbase, signaling potential liquidity for trading. Despite this, a popular analyst highlights XRP's long-term bullish pattern, a 9-year ascending triangle, suggesting a possible major breakout with up to 150% upside from current levels. XRP recently bounced back from $1.32 to $1.35, with a key support zone around $0.75 to $0.80 seen as a buying opportunity before a potential surge toward $3.30.

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