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Ripple has made waves in the crypto community by transferring 200 million XRP worth $109.4 million to an anonymous wallet. This large transaction, detected by Whale Alert, comes at a time when the number of unique XRP wallets is on the rise. Alongside this major transfer, other large XRP transactions and the increase in active wallet numbers highlight the continued activity of XRP in the market. 
<a href="https://www.qubetics.com/?utm_source=TNYR&amp;utm_medium=postBANNER" target="_blank" rel="noopener nofollow"><img loading="lazy" decoding="async" class="size-full wp-image-24541 aligncenter" src="https://www.turkishnyradio.com/wp-content/uploads/2024/10/Qubetics-is-728x90-1-1.jpg" alt="Qubetics is 728x90 1 1" width="728" height="90" title="Ripple’s $200 Million XRP Move: Speculations Are on the Rise 54"></a> 
<h2 id="massive-xrp-transfer-sparks-speculation">Massive XRP Transfer Sparks Speculation</h2> 
Popular blockchain tracker Whale Alert revealed that Ripple transferred 200 million XRP, valued at $109.4 million, to an anonymous wallet just 12 hours ago. This transaction has ignited discussions within the XRP community, with some jokingly suggesting that Ripple might be preparing to pay a fine to the SEC. However, many believe this is a positive move for both Ripple and XRP. 
According to XRP explorer Bithomp, the anonymous wallet in question is linked to Ripple, leading to speculation that this transaction could involve a significant financial institution or a Ripple customer, as Ripple either transferred or held a large amount of XRP. 
<img loading="lazy" decoding="async" class="alignnone size-full wp-image-24938" src="https://www.turkishnyradio.com/wp-content/uploads/2024/10/Ekran-goruntusu-2024-10-22-150914.png" alt="Ekran goruntusu 2024 10 22 150914" width="1850" height="1034" title="Ripple’s $200 Million XRP Move: Speculations Are on the Rise 55" srcset="https://www.turkishnyradio.com/wp-content/uploads/2024/10/Ekran-goruntusu-2024-10-22-150914.png 1850w, https://www.turkishnyradio.com/wp-content/uploads/2024/10/Ekran-goruntusu-2024-10-22-150914-768x429.png 768w, https://www.turkishnyradio.com/wp-content/uploads/2024/10/Ekran-goruntusu-2024-10-22-150914-1536x858.png 1536w" sizes="(max-width: 1850px) 100vw, 1850px"> 
<h2 id="other-major-xrp-transactions">Other Major XRP Transactions</h2> 
In addition to Ripple’s big move, Whale Alert recently detected two other large XRP transfers. These withdrawals were made from South Korea-based Upbit and Dubai-based Bybit exchanges, involving 20 million and 52 million XRP, valued at $11.09 million and $28.67 million, respectively. 
On-chain data provider Santiment also reported that the number of active wallets on the XRP Ledger has reached a three-month high. According to the latest data, 35,799 unique wallets have made at least one transaction in the past three months. Furthermore, 3,858 new wallets were created in just one day, marking the highest figure seen in over seven months. 
<h2 id="xrp-price-reaction">XRP Price Reaction</h2> 
Despite these significant movements, the price of XRP has declined by 3%, falling from $0.55864 to $0.54253. However, prior to this drop, the altcoin had surged by 3.64% within 24 hours.<img loading="lazy" decoding="async" class="alignnone size-medium wp-image-24936" src="https://www.turkishnyradio.com/wp-content/uploads/2024/10/Ekran-goruntusu-2024-10-22-150757-2048x661-1.png" alt="Ekran goruntusu 2024 10 22 150757 2048x661 1" width="2048" height="661" title="Ripple’s $200 Million XRP Move: Speculations Are on the Rise 56" srcset="https://www.turkishnyradio.com/wp-content/uploads/2024/10/Ekran-goruntusu-2024-10-22-150757-2048x661-1.png 2048w, https://www.turkishnyradio.com/wp-content/uploads/2024/10/Ekran-goruntusu-2024-10-22-150757-2048x661-1-768x248.png 768w, https://www.turkishnyradio.com/wp-content/uploads/2024/10/Ekran-goruntusu-2024-10-22-150757-2048x661-1-1536x496.png 1536w" sizes="(max-width: 2048px) 100vw, 2048px"> 
As speculation continues to grow, all eyes are on Ripple and XRP’s next move. For more updates on cryptocurrency trends, stay tuned to <a href="http://turkishnyradio.com" target="_blank" rel="noopener">Turkish NY Radio</a>.

Ripple’s $200 Million XRP Move: Speculations Are on the Rise

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