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25,000,000 XRP was reported moved from a major exchange, but on-chain data shows the transaction was an internal transfer between BitGo wallets, not Bitstamp. XRP is also showing signs of a technical rebound on hourly charts, according to analyst Ali Martinez.
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25,000,000 XRP moved — misattributed source corrected
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On-chain data from XRPscan identifies BitGo as the origin, contradicting initial Whale Alert reporting.
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XRP shows an hourly TD Sequential buy signal; price at $2.89 after a 13.7% pullback since Aug 14.
XRP transfer and XRP rebound: 25,000,000 XRP moved, later traced to BitGo; watch the TD Sequential buy signal. Read more for verification steps.
What happened with the 25,000,000 XRP transfer?
The 25,000,000 XRP transfer was initially reported as a withdrawal from Bitstamp, but XRPscan data shows it was an internal transfer between two BitGo wallets. Whale Alert flagged the move; subsequent ledger analysis corrected the exchange attribution.
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Why was the transfer misattributed and how was it verified?
On-chain monitors like Whale Alert detect large movements and tag them based on available metadata. XRPscan, an XRP ledger explorer, provides detailed wallet traces that showed both source and destination belonged to BitGo. This demonstrates the importance of checking ledger-level explorers to verify reported XRP transfers.
How does the XRP rebound signal look and what indicator was used?
XRP rebound signs come from a TD Sequential buy signal on the hourly chart, noted by analyst Ali Martinez. The TD Sequential indicator, developed by Tom DeMark, uses a nine-candle setup to flag potential reversals. This setup suggested a short-term reversal after a 13.7% decline from the local high.
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What are the current XRP price metrics and recent performance?
At the time of reporting, XRP is trading at $2.89, down about 3% in the last 24 hours. Since August 14, XRP fell approximately 13.7% from a local high of $3.35. The transferred 25,000,000 XRP was valued at roughly $72,690,044 based on those price levels.
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Frequently Asked Questions
How can I confirm which platform sent a large XRP transfer?
Use an XRP ledger explorer to search the transaction hash and inspect wallet addresses and tags. Explorers like XRPscan provide wallet metadata that can reveal whether addresses belong to custodians such as BitGo.
What does a TD Sequential buy signal mean for XRP traders?
A TD Sequential buy signal suggests a possible short-term trend reversal based on a nine-candle setup. Traders typically wait for confirmation from price action and volume before taking positions.
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Key Takeaways
- Verified origin: On-chain data shows the 25,000,000 XRP movement was between BitGo wallets, not Bitstamp.
- Technical signal: Analyst Ali Martinez highlighted a TD Sequential buy signal indicating a potential short-term XRP rebound.
- Verification steps: Always confirm large transfers using an XRP ledger explorer and the transaction hash before drawing market conclusions.
Conclusion
The 25,000,000 XRP transfer and the emerging XRP rebound signal underline the need for ledger-level verification and measured interpretation of market indicators. COINOTAG recommends checking on-chain data sources such as XRPscan and monitoring technical confirmations like the TD Sequential before drawing trading decisions. Stay updated for further on-chain findings and verified price signals from market analysts.
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Published: 2025-08-21 | Updated: 2025-08-21
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