XRP has fallen back below the January high after breaking through it, and from a volume-price relationship perspective, this pullback gives a less optimistic signal.

According to CryptoQuant data, Ripple co-founder Chris Larsen has sold approximately $200 million worth of XRP in the past 10 days. This clearly indicates a signal for the main force to offload.

Overall, the upward trend of XRP is also nearing its end.