According to U.Today, the encryption company Ripple transferred 100 million XRP worth approximately $48.61 million to an unknown address in an unexpected move. The transfer occurred three hours ago, originating from Ripple's address 'rBg2Fu' and destined to the mysterious 'rP4X2h' address, whose ownership remains anonymous. Although 'rP4X2h' was activated in October 2023, little information is known about the entity behind it. The implications of this massive transfer are far-reaching, especially considering that the receiving wallet now holds a balance of over 225 million XRP, worth over $110 million. This massive accumulation hints at the involvement of a significant investor or organization, given its association with Ripple and the initial large transfer of 70 million XRP. Notably, this action occurred against the backdrop of a significant recovery in XRP price. Despite the temporary dip caused by recent geopolitical tensions, XRP has rebounded, with quotes showing a significant gain of over 3% since the opening of the latest daily candle. Taking into account yesterday’s buyback, XRP has rallied 17.8% since bottoming out at $0.4188, a level not seen in the past eight months.