According to U.Today, a significant transfer of 150 million XRP was recently made from a well-known Ripple address, as reported by Whale Alert. The recipient address, identified as 'rP4X,' is linked to a supposed Ripple wallet. This address was activated in 2023 with a transfer of 70 million XRP but has shown minimal activity, suggesting it is not associated with any exchange. Shortly after receiving the 150 million XRP, the address sent 5,000 XRP to another undisclosed address. The 'rP4X' address has previously been noted for large XRP movements by Ripple, indicating a possible connection to a crypto company. However, this recent transfer does not appear to be a sell-off, as the tokens remain in the wallet, which now holds a total of 352 million XRP. The community is rife with speculation regarding the purpose of this massive transfer. Some believe it might be an internal shuffle within Ripple, while others speculate about potential strategic moves by Ripple or its partners. Recently, XRP has experienced a price surge, jumping 49% over the past two weeks. As of July 17, XRP has bounced back to a key support level and is currently trading at $0.615 per token. The exact reason behind this massive transfer remains unclear, but it has certainly caught the attention of crypto enthusiasts, adding more intrigue to XRP's current market performance.