#XRP Price Dumps Amid $175M Transfer Linked to Ripple Co-Founder

XRP price plunges 10% as $175M in tokens linked to Ripple co-founder Chris Larsen are moved to exchanges, brewing sell-off concerns.

Highlights

XRP price fell over 10% in 24 hours, breaking below $3.27.

Blockchain sleuth ZachXBT linked a 50M XRP transfer ($175M) to Ripple co-founder Chris Larsen.

Dark Defender and CrediBULL Crypto see this as a normal correction, with XRP setting up for another move upward.

The XRP price has dropped more than 10% in just 24 hours, as data shows large transfers connected to Ripple’s co-founder. This has raised concerns of potential sell-offs.