2026-01-06 22:21:39

Ripple completed a large on-chain transfer on January 5th, moving 300 million XRP to an unknown address in a single transaction, valued at over $652 million at the time. The moment this transaction was confirmed, the market reaction was immediate—XRP surged over 6% within 24 hours, outperforming Bitcoin and Ethereum's performance during the same period, and breaking through the key resistance level of $2.2. It is now pushing towards the critical resistance at $2.5.

Seeing this transfer, many traders' first reactions were anxiety: Is Ripple about to dump and cut profits, or is it secretly supporting the price? Such concerns are not unfounded. A review of historical records shows that whenever Ripple has made concentrated transfers (such as the large 400 million XRP transfer in June 2024), it has generally been followed by a price decline. But this time, it’s a bit different.

The key difference lies in the purpose of the transfer. Previously, "problematic transfers" usually went directly to market participants or exchanges, clearly indicating an intention to cash out; this time, the transfer is to an unknown address, more like internal fund reallocation rather than market selling. On-chain data confirms this, showing two entirely different types of operations.

From a technical perspective, XRP’s ability to rally towards $2.5 is supported by the formation of a classic "inverse head and shoulders" bullish pattern. The head of this pattern is at $1.99, with the right shoulder currently at $2.2. If the right shoulder can confirm support, the subsequent breakout potential is quite significant. This is the most important technical support level to watch for XRP in the short term.

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SatoshiChallenger

· 4h ago

Unknown address? Haha, that's the kind of narrative I like—whenever things are unclear, just attribute it to "internal allocation." Data shows that historically, this explanation has an accuracy rate of no more than 40%. Head and shoulders stabilize at 2.2 to spike to 2.5? Interesting. Six months ago, there was a project that formed the same "classic pattern," with a final liquidation rate of 98%. I suggest everyone check out the death curve from that time before entering the market. It's good to be optimistic, but don't be fooled by the excuse of "unknown address." When the market is irrational, it's often the easiest time to spin stories.

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CryptoDouble-O-Seven

· 01-06 22:51

Wait, unknown address? I don't quite understand this operation... It's a head and shoulders pattern again, and breaking through 2.5... How did Ripple perform the last time it played like this? $652 million transferred without crashing the market, that's pretty interesting. Is it really to support the price or to push it higher? Let's check the on-chain data. If I don't cut the leeks this time, I might actually believe it.

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HodlOrRegret

· 01-06 22:51

Damn, $652 million in one shot, this time it's really not a dump, all the details are on the chain Breaking 2.5K doesn't seem difficult, the head and shoulders pattern is so standard, stabilizing the right shoulder means pushing upward The historical records don't apply here, this wave is obviously different, internal allocation vs exchange dumping, two completely different things XRP is a bit fierce this time, directly surpassing BTC and ETH, showing off a little The $2.2 level is critical, feels like just the starting point, the target is definitely more than 2.5

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LiquidationWatcher

· 01-06 22:47

Huh? Unknown address? I've seen this trick too many times. This wave of XRP does have a somewhat different flavor. Wait until it stabilizes at 2.2 with a head and shoulders pattern before talking, don't be too optimistic. Throwing out 652 million USD in one go, internal allocation? I don't believe you. Is it defending the market or crashing it? We'll see the follow-up trend. If it can't break below 2.5, it still needs to retrace; technical analysis is always hindsight.

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MergeConflict

· 01-06 22:46

Wait, $652 million transferred to an unknown address and it only increased by 6%? What's wrong with this logic? Damn, it's another head and shoulders pattern. Last time it was the same, and it got cut in half. Is Ripple's move really internal allocation or are they just defending the price? Can't see through it. $2.5? Let's see if it can hold steady at $2.2 first, don't get too optimistic. The historical records are right there. Large transfers usually mean bad news. Is this time really different? I'm choosing to wait and see. Wow, an unknown address sounds suspicious. Who would believe that? Confirming the right shoulder is stable? That's nonsense. It only counts if it truly breaks the support. Is this XRP move genuine or are they just taking profits again? Wait and see before entering. I've heard this technical analysis set so many times, but in the end, it all depends on market sentiment. Feels like I'm about to get trapped again.

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UnluckyMiner

· 01-06 22:27

This time really is different. Unknown addresses ≠ exchange sell-offs; the support logic holds. XRP's current pattern looks great. Once it stabilizes at 2.2, it will head straight to 2.5. History can be deceiving, but on-chain data won't. Trust the data. It's another technical move. Once the head and shoulders pattern breaks, it will be a big gain. A 6% increase in a second outperforms BTC and ETH. This rhythm is something special. Unknown addresses are the most frightening, indicating major moves are being prepared above. $2.5 is not far away. Once the right shoulder is confirmed, it's time to buy in. Support or sell-off? It's obvious at a glance. The key is the flow of addresses. This is what true on-chain whale manipulation looks like—much more intense than those boastful transfers.

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NftRegretMachine

· 01-06 22:23

This time it's really different. Unknown addresses mean no risk of dumping, and instead, it feels more like market support. The head and shoulders pattern is indeed beautiful. Only after holding steady at 2.2 do I dare to look at 2.5. The lessons from history are too bloody. Last time, a 400 million transfer caused a sharp drop. This time, I feel more at ease after seeing a different approach. XRP's recent surge is fierce, but I'm still waiting for the right shoulder to be fully confirmed. I don't want to catch the last wave. A transfer of 652 million USD—what trick is Ripple playing... Hopefully, this is truly internal allocation.

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