A significant XRP transfer of 16,698,207 tokens (valued at around $53.16 million) was made to Coinbase today, surprising observers as it originated from an unknown wallet. On-chain data later confirmed the move was internal, with funds transferred from one designated “Cold Wallet 197” to another labeled “Cold Wallet 6.” Coinbase typically maintains a deep reserve of XRP, holding around 16.5 million tokens in each of these wallets. This transfer represented only a fraction of their overall XRP holdings, but still sparked interest within the XRP community. While large inflows to exchanges are often scrutinized for potential market impact, this internal move is more likely indicative of operational management and security procedures. However, the sheer size of the transaction continues to be a topic of discussion among XRP enthusiasts who closely monitor all ledger activity. Despite the massive transfer, XRP price barely reacted at $3.18. It has been trading within a narrow range since late July, facing resistance at $3.30. Breaking past this level could push prices towards $3.50 and potentially even $3.70. Failure to do so may maintain the current sideways trend, leading to further speculation about whether future large transfers represent simply internal movements or potential market shifts.