XRP whale transfer activity shows significant warming. Over the past 24 hours, the number of transactions exceeding $100,000 in a single transfer surged to 2,802, a substantial increase from 2,170 on the previous day, reaching a new high since October. What does this wave of transfers reflect? A leading exchange's XRP reserves have continued to decline, dropping from 325 million coins to 260 million coins, indicating that an increasing number of users tend to transfer assets out of exchanges for self-custodial purposes. In terms of price, XRP is currently trading around $2.13. Although the 24-hour decline reached 6%, from a weekly perspective, the gains still stand at 16%, with short-term fluctuations not changing the long-term trend. The increased activity of large holders and the expansion of self-custody scale suggest that market participants' confidence in holding XRP continues to strengthen.