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XRP whale transfer activity has noticeably increased. In the past 24 hours, the number of transactions exceeding $100,000 has surged to 2,802, a significant jump from 2,170 the previous day, reaching a new high since October. What does this wave of transfers reflect? The XRP reserves of a major exchange have continued to decline, dropping from 325 million to 260 million, indicating that more and more users are inclined to transfer assets out of exchanges for self-custody. Regarding price, XRP is currently trading around $2.13. Although it has fallen 6% in the past 24 hours, the weekly chart shows a 16% increase, and short-term fluctuations do not change the long-term trend. The increased activity of large holders and the expansion of self-custody scale suggest that market participants' confidence in holding XRP is continuously strengthening.