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<p>Not long ago, the crypto firm Ripple released a portion of its XRP reserves, raising questions about potential impacts on the XRP market. New transactions of the same type carried out by Ripple and involving anonymous wallets have caught the attention of the crypto community.</p>
<h2 id="h-ripple-involved-in-the-massive-transfer-of-millions-of-xrp-cryptocurrencies">Ripple Involved in the Massive Transfer of Millions of XRP Cryptocurrencies</h2>
<p>Information disclosed by the crypto wallet tracker Whale Alert reveals Ripple’s role in significant movements involving XRP holdings. In the last 24 hours, four notable XRP transactions have been made.</p>
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<p>The total value of these holdings is estimated at nearly half a billion dollars. Whale Alert specifically mentions two transactions. The largest of the four involved the transfer of 300 million XRP valued at approximately 185 million dollars.</p>
<p>The tracker also points out a second transaction, notably the smallest, which consisted of moving 139,374,499 XRP. A total of cryptocurrencies equivalent to just over 86 million dollars.</p>
<p>Simultaneously, Whale Alert revealed two other transactions initiated by Ripple. First, a transfer of 70,000,000 XRP valued at 43,171,395 dollars. Second, another operation involving 27,800,000 XRP worth 17,198,375 dollars. It turned out that most of <a href="https://u.today/ripple-moves-97-million-xrp-as-price-rises-community-intrigued" target="_blank" rel="noopener noreferrer nofollow">these operations</a> are linked to unidentified crypto wallets, some associated with the exchanges Binance and Bitstamp.</p>
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     <p lang="en" dir="ltr">Ripple Moves 97 Million <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$XRP</a> as Price Rises, Community Intrigued <a href="https://t.co/U7JvU4yfED" rel="noopener noreferrer nofollow">https://t.co/U7JvU4yfED</a></p>— Crypto Hodl News (@cryptohodlnews) <a href="https://twitter.com/cryptohodlnews/status/1740029662095692093?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 27, 2023</a>
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 <figcaption class="wp-element-caption"><em>The recent XRP transfers made by Ripple have sown doubt and perplexity in the crypto community</em>
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<h2 id="h-the-perplexity-of-the-crypto-community">The Perplexity of the Crypto Community</h2>
<p>Arguably, this series of operations involving Ripple and unidentified crypto wallets is legitimate. Legitimacy that nonetheless leaves perplexity regarding the multiplication of such operations.</p>
<p>A few days ago, Ripple had already sparked many questions by releasing a part of its XRP reserve onto the market. Seen in conjunction with the recent operations, it’s understandable why speculation is rife within the crypto community.</p>
<p>The community is abuzz, wondering about the origins of these massive transactions. They also raise concerns about potential effects on the valuation of XRP.</p>
<p>Regardless, Ripple’s native crypto is currently valued at 0.63 dollars. Its price has seen an increase of 2.91% in the last 24 hours and a weekly rise of 2.10%. <a href="https://www.cointribune.com/en/from-skepticism-to-admiration-mike-novogratz-changes-his-mind-about-ripples-xrp-crypto/" target="_blank" rel="noopener noreferrer nofollow">Ripple’s XRP</a> thus exhibits a certain dynamism.</p>

Ripple Conducts Massive XRP Transfers and Raises Doubts in Crypto Community

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