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XRP price continues to face downward pressure, as the token struggles to maintain bullish momentum. The coin is trading below the $2.5 mark, with market sentiment leaning heavily bearish. Trading volume has decreased over the past few weeks, and traders remain cautious. This uncertainty stems from the recent behavior of Ripple co-founder Chris Larsen, who has realized significant profits from his XRP holdings.
Chris Larsen, Ripple’s co-founder, has made over $764 million from XRP-related sales since January 2018. On-chain data shows that Larsen’s selling activity usually coincides with local price peaks. As a result, analysts are questioning whether the market is at another turning point.
Maartunn, a leading analyst at CryptoQuant, highlighted the pattern of Larsen’s sales. He noted that Larsen has consistently cashed out during XRP rallies. This recurrent behavior is a signal that XRP is approaching a local high, which leads to increased uncertainty among investors.
Larsen’s recent sale, tied to EvernorthXRP, adds fuel to the debate. EvernorthXRP is believed to be managing Ripple-linked wallets. Maartunn argues that Larsen’s sales have occurred consistently near XRP’s local highs. As XRP’s price struggles, such moves tend to amplify market volatility and deepen investor concerns.
XRP continues to face significant pressure, consolidating around the $2.40 level. The token has failed to reclaim its short-term moving averages, signaling persistent bearish momentum. The 3-day chart reveals that XRP is trading below the 50-day and 100-day moving averages, suggesting a lack of upward momentum.
The $2.60–$2.70 zone has become a key area of resistance for XRP. This cluster has consistently capped upside attempts since early October. If the market fails to push above this resistance, XRP may continue its bearish trajectory.
XRP has, however, managed to hold above the crucial 200-day moving average, sitting near $2.00. Historically, this level has acted as strong dynamic support. If XRP falls below this level, the next downside target could range from $1.80 to $1.90, where previous accumulation zones formed earlier in the year.
The broader altcoin market is currently fragile, and many tokens are trading well below their 200-day moving averages. Historically, altcoins regain strong bullish momentum only when Bitcoin breaks its all-time high. Without such a confirmation from Bitcoin, capital tends to remain conservative, favoring liquidity and safety.
For XRP, the key to avoiding deeper losses lies in maintaining support above its 200-day moving average. If Bitcoin reasserts dominance with a convincing breakout, it may revive investor confidence across the crypto space. However, if Bitcoin fails to sustain upward momentum, XRP could continue to struggle with muted inflows and persistent volatility.
The behavior of Ripple insiders, including Chris Larsen, adds another layer of complexity to the situation. His consistent profit-taking could signal that larger holders are bracing for extended market weakness. Investors will likely continue to monitor both Bitcoin’s movements and Ripple’s internal actions as key indicators of XRP’s future direction.
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Maxwell is a crypto-economic analyst and blockchain enthusiast, passionate about helping people understand the potential of decentralized technology. His goal is to spread knowledge about this revolutionary technology and its implications for economic freedom and social good.
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TLDR Chris Larsen has realized over $764 million in profits from XRP-related sales since January…
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