Speculation: BlackRock Acquiring XRP Through Coinbase Custody

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Sep 08 2025

XRP+0.534%

X+0.99%

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Speculation on BlackRock's Involvement: A viral video suggests that BlackRock may be buying XRP through Coinbase custody, following significant reductions in Coinbase's XRP holdings, although this claim remains unverified.
On-Chain Evidence of XRP Movement: Coinbase's XRP reserves dropped from approximately 780 million to under 200 million tokens between June and August 2025, indicating a potential reallocation of assets rather than a mass sell-off.
Institutional Custody Partnership: Coinbase's partnership with BlackRock allows institutional clients to manage digital assets like XRP without public visibility, leading to speculation about the nature of recent XRP transfers.
Implications for XRP Holders: The decline in visible XRP balances has caused confusion among investors, but experts suggest that the assets are being repositioned for institutional demand, which could stabilize the market and enhance confidence in XRP's future.

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Technical Analysis for XRP

Technical Sentiment Analysis for XRP (XRP) As of , XRP (XRP) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for XRP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, XRP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

XRP (XRP) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.601	0.859	1.164	1.422	1.728	1.986	2.291
Fibonacci	0.859	1.074	1.207	1.422	1.638	1.771	1.986

About XRP

Launched in 2012, the XRP Ledger (XRPL) is an open-source, permissionless and decentralized technology. Benefits of the XRP Ledger include its low-cost ($0.0002 to transact), speed (settling transactions in 3-5 seconds), scalability (1,500 transactions per second) and inherently green attributes (carbon-neutral and energy-efficient). The XRP Ledger also features the first decentralized exchange (DEX) and custom tokenization capabilities built into the protocol. Since 2012, the XRP Ledger has been operating reliably, having closed 70 million ledgers.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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