The $XRP /USDT pair is going through a delicate phase in its market structure as Ethereum surpasses the $4,200 mark.
The move follows reports that Ripple co-founder Chris Larsen transferred 50 million XRP (worth approximately $175 million) from wallets linked to him at the end of July, sparking market jitters.
On-chain trackers confirmed that the funds came from addresses historically associated with Larsen.
Despite representing just 0.085% of the roughly 59 billion XRP circulating supply, the trade – which occurred amid ETH’s aggressive breakout and with XRP stuck below key resistance – fueled speculation about domestic sentiment and the risk of oversupply.
✨How XRP/USDT Reacts Between ETH’s Rally and FUD About Larsen
The initial reaction was an intraday drop of around 14% on July 25, when news of Larsen's transfers circulated on social media, but it was followed by a recovery of half of those losses within 48 hours.
The bounce showed solid underlying demand, but the XRP/USDT chart remains capped by a strong resistance area between $3.38 and $3.65.
This range coincides with July’s “bearish tweezer top,” a technical pattern that often signals exhaustion points in uptrends.
Larsen still holds approximately 2.5 billion XRP, indicating this isn't a complete divestment. Such moves may arise from diversification needs, tax obligations, or financing external initiatives.
However, it is difficult for traders to ignore the publicity impact of a founder liquidating assets as ETH takes the spotlight.
✨On-chain data: Risk of distribution above $ 3
According to research firm Alphractal, XRP’s Net Unrealized Profit/Loss (NUPL) is at levels only seen at the 2021 and 2018 peaks, signaling significant latent profits among holders.
Historically, these readings coincide with distribution phases in which “smart money” sells on strength, creating resistance to prolonged rallies.
While ETH’s breakout of the symmetrical triangle suggests a high probability of a run to new highs above $4,800, XRP remains locked in a decisive battle.
Caught between profit-taking pressure and the potential bullish momentum of ETH and BTC, XRP’s next major move will likely set the tone for Q4.
✨XRP/USDT Analysis: Can Ripple Keep Up with Ethereum?
As ETH continues its rally, XRP/USDT is currently trading at $3.19 (-0.95% in the last 24 hours).
The price has returned above the 20-day moving average, signaling a recovery attempt after the halt caused by the FUD on Larsen. The challenge now is to consolidate above this level and aim for a retest of the resistance at $ 3.66.
To achieve this, it will be necessary to overcome the intermediate barrier around $3.40.
Compared to many other altcoins, XRP's RSI remains surprisingly balanced at 57, indicating room for further upside. However, with a cumulative loss of 5% over the past three days, any breakout will likely depend on support from the broader market, led by BTC and ETH.
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