Between July 17 and July 24, 2025, a wallet linked to Ripple co-founder Chris Larsen transferred 50 million XRP, worth roughly $175 million, to four other wallets. Of that total, about $140 million flowed into centralized exchanges—an action often interpreted as preparation for selling.
These transfers occurred just after XRP hit $3.60, its highest price since 2021. In the wake of the move, XRP dropped about 14% over the week, with a sharp sell-off on one day wiping out $105 million in long positions .
Why it matters:
Sending tokens to exchanges typically signals intent to liquidate holdings into cash or other assets, which can pressure price downward. The timing of these moves—near a peak—raised concerns among investors and analysts about potential profit-taking or market impact.
At current XRP prices, wallets linked to Larsen still hold over 2.81 billion XRP, valued at approximately $8.4–8.7 billion—about 4.6% of XRP’s total market cap .
Technical Outlook
XRP breached an upward-trending channel and fell through support around $3.06–$3.10, slipping as low as $2.98—near its 38.2% Fibonacci retracement level. Despite a 140% rise in trading volume, futures open interest dropped by 14% overall, with larger declines on platforms like CME and Binance.
Currently, XRP trades near $3.08–$3.10, which might act as a stabilizing zone. Some analysts remain optimistic, targeting a rebound toward $6, though that level remains a distant resistance point.
What's Next?
Will further XRP from Larsen-linked wallets hit the exchange? Continued offloading could push prices lower again.
Could support around $3.10 hold? If yes, it may offer buyers a chance to step in.
Volume and derivatives trends: A pickup in futures interest or consistent buying volume could help XRP recover.
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📊 Quick Recap
Trend Summary
Movement 50M XRP (~$175M) moved from Larsen-linked wallet
Price action ~14% weekly drop to ~$3.10; long positions liquidated
Market psychology Large transfers to exchanges stoked fear among traders
Outlook potential Support near $3.10; ambitious rebound targets as high as $6 remain on the table
