A massive transfer of XRP worth over $106 million occurred within the past two hours, according to Whale Alert. This significant movement was tracked by the blockchain monitoring platform as 46,495,041 XRP were sent between anonymous wallets, sparking discussions in the XRP community about its purpose. While the exact origins and destinations of the transfer remain unknown, the price action of XRP is undeniably influenced by this event. The cryptocurrency’s value surged 9.48% since Thursday, bolstered by a confluence of factors including Bitcoin’s surge above $100,000. The SEC reaching a settlement agreement with Ripple after years of legal battle also contributed to the bullish momentum. XRP price jumped as high as $2.3409 in the wake of this event.