XRP Volatility Climbs on Rumors of BlackRock Buys via Coinbase

Edgen Crypto

·Feb 17 2026, 08:58

Share to

Share to

Copy link

Key Takeaways

A viral rumor alleging that asset manager BlackRock is secretly accumulating XRP has created significant market uncertainty. The speculation is largely fueled by on-chain data showing a dramatic reduction in XRP reserves on the Coinbase exchange, leaving traders to weigh the potential for major institutional adoption against a speculative sell-off.

A rumor circulating since February 17, 2026, claims BlackRock is using Coinbase to purchase large amounts of XRP.
Speculation intensified after reports indicated Coinbase's XRP reserves have fallen by 90% over the last six months.
The unconfirmed report has introduced significant short-term volatility for XRP as the market awaits an official statement from either firm.

BlackRock Rumor Fueled by 90% Drop in Coinbase XRP Reserves

On February 17, 2026, speculation erupted across the social media platform X alleging that asset management giant BlackRock is discreetly accumulating XRP. The rumors point to activity on the Coinbase exchange and have been amplified by on-chain data showing a 90% decrease in Coinbase's XRP holdings over the past six months.

Proponents of the theory suggest this significant outflow from the exchange's wallets could represent large-scale purchases by an institutional player like BlackRock, which reportedly manages $14 trillion in assets. The narrative has quickly created a stir among XRP holders and traders, who are closely monitoring wallet movements for further evidence.

XRP Volatility Increases as Market Awaits Confirmation

The unverified claims have introduced significant uncertainty and volatility into the XRP market. If the rumors are substantiated, confirmation of BlackRock's entry would signal major institutional validation for the digital asset, likely triggering a sharp price increase driven by widespread investor confidence.

Conversely, if the rumor is officially debunked by either BlackRock or Coinbase, a rapid sell-off could occur. Traders who purchased XRP based on the speculation may quickly exit their positions, leading to downward price pressure. For now, the market remains on edge as it awaits any official statement to clarify the situation.