XRP on-chain activity shows a significant change. Since October, large transactions with a single transfer amount exceeding $100,000 have surged to 2,802 transactions, a substantial increase from the previous 2,170 transactions, setting a new monthly high. Meanwhile, leading exchanges' XRP reserves continue to decline, dropping from 3.25 billion to approximately 2.6 billion, indicating that holders are transferring assets to self-custody wallets, which usually reflects a market emphasis on self-asset control. In terms of price, XRP is currently quoted at $2.13, down about 6% in the past 24 hours, but still maintaining a 16% increase over the weekly period. On-chain data and capital flow anomalies warrant close attention.