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Chris Larsen's movements are making headlines. The co-founder of Ripple recently transferred a significant amount of XRP to a major exchange. Looking at the blockchain data, it appears that four separate transactions of 2 million XRP each were executed. Since the total volume amounts to about $26 million, it's quite a noticeable move.
Chris Larsen has been regularly moving XRP in the past, so the market is watching closely. Around the same time, tens of millions of dollars worth of XRP were flowing into unknown addresses, indicating a period of active large transactions.
Recently, XRP has been trading around $1.47 in the market. Its previous high was $3.65, so there is still room for upward movement. Large transfers by key figures like Chris Larsen often serve as important signals for market participants, so many are paying attention to the upcoming price movements.