A massive transaction of 30 million XRP (worth over 69 million USD) was transferred to Coinbase during Christmas, raising concerns about the possibility of a major sell-off, although it could just be an internal transfer. This transaction shook market sentiment, while the current price of XRP has slightly decreased by 2.09% in the past 24 hours, trading at 2.27 USD.

XRP has a chance to recover thanks to the year-end Santa Rally trend, with significant support at 1.9280 USD and a long-term target of 4 USD. Additionally, Ripple has launched the RLUSD stablecoin to increase liquidity for the XRP Ledger, although this puts short-term pressure on the price of XRP. Overall, recent events mark a crucial phase in the development of $XRP .