A significant XRP transfer of 29.5 million coins, valued at approximately $73.38 million, has been observed on the blockchain platform via Whale Alert. This transfer occurred on May 12th and was directed to Coinbase, a prominent U.S. cryptocurrency exchange. 🧠 As the recent bull market appears to be winding down, major cryptocurrencies are experiencing price declines following significant gains in previous days. 📉 Despite this trend, XRP has displayed resilience by exhibiting bullish momentum. 📈 Its price has surged by 6.87% over the past day but has since cooled off, holding steady around $2.53. 🤔 The recent transfer could be a sign of sell-offs from short-term investors seeking to realize profits. On the other hand, this large transaction was executed in a single action by an unknown wallet address, raising suspicions of a potential sell-off attempt from a significant XRP whale. 🐋 While XRP has maintained a bullish trajectory despite market corrections, its price has experienced a surge in trading volume over the last week, pointing to increased activity among high-profile investors and institutions. Despite the broader market correction, analysts suggest that XRP is on track for further gains, targeting a $3 mark soon. However, more large sell-offs from whales could impact its potential to reach this milestone. The positive price trends have boosted investor confidence and many anticipate XRP achieving a new all-time high before the end of this bull market cycle.