**🌐 $XRP Whale Alert: $51.8M Withdrawn from Gemini**

A significant XRP transaction has caught the crypto community’s attention. Whale Alert reports that 20 million #XRP , worth $51,849,820, was recently moved from Gemini to an unknown wallet.

### 🌊 Possible Reasons Behind the Transfer:

đŸ”č Large exchange withdrawals often indicate whale accumulation, potentially reducing selling pressure.

đŸ”č Moving XRP to a private wallet suggests long-term holding rather than immediate selling—possibly a bullish signal.

đŸ”č The transaction could involve institutional investors making strategic moves or simply reallocating funds.

### đŸ”¶ Market Insights:

Despite optimism following the SEC’s dismissal of the Coinbase case and acknowledgment of XRP ETF filings, XRP remains in a tight trading range between $2.30 and $2.83. However, on-chain data from Santiment reveals growing confidence among major holders, with 261 new wallets holding 100,000+ XRP added in the past 10 weeks. This increase in whale and shark wallets signals continued interest from key market players.

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