<ul> 
 <li>Whale Alert highlighted significant XRP transactions in the last 24 hours.</li> 
 <li>Ripple executed a substantial transfer of 60 million XRP, valued at $36.6 million, to an undisclosed wallet.</li> 
 <li>Purpose behind Ripple’s transfer is unclear, sparking speculation in the crypto community.</li> 
</ul> 
<p>In the last 24 hours, Whale Alert, a prominent cryptocurrency data tracker, has flagged significant XRP transactions, shedding light on large-scale movements within the market. Notably, two substantial transactions caught the attention of crypto enthusiasts and analysts alike.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> 60,000,000 <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw">#XRP</a> (36,643,219 USD) transferred from <a href="https://twitter.com/hashtag/Ripple?src=hash&amp;ref_src=twsrc%5Etfw">#Ripple</a> to unknown wallet<a href="https://t.co/iEfOwDyQX5">https://t.co/iEfOwDyQX5</a></p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1734640989988335873?ref_src=twsrc%5Etfw">December 12, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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<p><a href="https://thenewscrypto.com/?s=ripple" target="_blank" rel="noreferrer noopener">Ripple</a>, the blockchain-based payment protocol, executed a sizable transaction by transferring 60 million XRP. Valued at approximately $36.6 million, the funds were moved from Ripple to an undisclosed wallet. The motive behind this transfer remains shrouded in mystery, prompting speculation within the crypto community.</p> 
<h2 class="wp-block-heading" id="h-analysts-suggest-two-potential-scenarios-for-ripple-s-move">Analysts suggest two potential scenarios for Ripple’s move</h2> 
<p>Analysts suggest two potential scenarios for Ripple’s move. Firstly, it could be a strategic sale conducted through an over-the-Counter (OTC) transaction, a method often preferred by entities seeking to trade outside traditional crypto exchanges. Alternatively, it might signify an internal reshuffling of funds, wherein assets are transferred to a different address under the same ownership.</p> 
<p>In a parallel development, an unidentified cryptocurrency whale initiated a transfer of 23.9 million XRP, equivalent to $14.6 million, to the Bitstamp crypto exchange. The destination, in this case, sparks curiosity about potential market signals or the intention to sell XRP. Bitstamp is a notable platform, and the transfer might indicate an impending sale, though the true motive remains elusive.</p>

Ripple and Unidentified Whale Initiate Large XRP Transfers

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TheNewsCrypto

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