Ripple Moves 65M XRP Worth $121M as Token Price Struggles and Institutions Add Exposure

Ripple transferred 65 million XRP, valued at about $121 million, from a company-linked wallet to an unidentified address while the broader crypto market and XRP price were under pressure. The move sparked concerns about a potential sell-off, even as XRP investment products saw nearly $44 million in inflows on December 22 and a key demand zone between roughly $1.82 and $1.98 continued to hold.