$XRP Are we facing an early profit-taking?

The transfer of $26 million in XRP has been interpreted by many as a strategic profit-taking move. Larsen, who holds around 2.6 billion XRP, equivalent to over $8.3 billion, may be diversifying his portfolio or securing liquidity before a potential market correction materializes.

Such movements are often seen as bearish signals by traders, especially when they come from large whales or insiders like Larsen. However, the recent influx of institutional capital into XRP could absorb the selling pressure without significantly affecting its price.