XRP hits two-year low of $0.89 as 240 million XRP moves wallets off exchanges

XRP fell to a two-year low of $0.89, and at that exact moment 240 million XRP moved between wallets. On-chain data shows the coins never reached an exchange, so the transfer does not signal immediate selling pressure. Traders will watch whether the holder is repositioning for a rebound or preparing to distribute later, given the token is at its weakest level in two years.