Recently, there have been some interesting major movements on the XRP on-chain.

Within just one hour, two transfers of 68 million XRP each surfaced consecutively. Combined, this amounts to 136 million XRP, equivalent to over $290 million in capital flow. Such a large-scale anomaly is hard not to notice—usually indicating that something is about to happen in the market.

Let's review the key large transfer events of XRP since January.

**Two transfers on January 9**

Occurred consecutively within about an hour. Each transfer was 68 million XRP, totaling 136 million XRP, worth over $290 million. This concentrated transfer often signals upcoming short-term liquidity changes and market expectations.

**2.5 million XRP on January 7**

On that day, a large movement of 250 million XRP occurred, valued at approximately $520 million. It flowed from Ripple's custodial account to an unknown wallet. More notably, on the same day, there were 2,802 transactions over $10,000—reaching a new high in nearly three months. Market volatility expectations increased accordingly.

**300 million XRP on January 5**

At 17:29:01 UTC, a transfer of 300 million XRP was completed, valued at about $652.6 million (XRP price at the time was approximately $2.18). The funds moved from Ripple-related wallets to "unknown wallets," later confirmed as internal transfers between Ripple accounts. Interestingly, on this day, there were 2,170 transactions over $100,000—an obvious sign that whale activity was heating up.

**Monthly escrow unlock on January 1**

This is a routine event. During midnight, 1 billion XRP was unlocked in seconds—500 million allocated to Ripple (28) wallet, and another 500 million to Ripple (9) wallet. Valued at about $1.84 billion. But this was not a dump. A few hours later, about 700 million XRP was re-locked into escrow accounts, resulting in a net increase of only about 300 million XRP in circulation. This is a standard liquidity management operation by Ripple.

**Key points you need to know**

First, escrow unlocks are regular. Ripple releases 1 billion XRP at the beginning of each month, and most of these coins are re-locked afterward. The net supply increase is actually limited; it’s a normal, expected operation, so don’t over-interpret it.

Second, the definition of large transactions is over $10,000. During January 6-7, such transactions hit a three-month high. Usually, frequent large transfers are accompanied by increased market volatility.

Finally, beware of misinterpretation. Some large transfers appearing to flow to "unknown wallets" were later confirmed to be internal adjustments within Ripple, not signals of market selling pressure. So, looking at the numbers alone isn’t enough—you need to consider the actual destination behind them.

Overall, this wave of on-chain XRP activity is definitely worth paying attention to. Whales are moving, large transactions are increasing, and liquidity is shifting. The signals behind these data points will likely be reflected in the market’s next moves in the near future.