XRP is experiencing new downward pressure as Ripple co-founder Chris Larsen transfers 50 million XRP worth approximately 170 million USD to various wallets.
This has caused many investors to worry and sell off, with XRP trading volume over 450 million, equivalent to more than 2.8 billion USD in the past week, creating short-term price pressure.
- Chris Larsen transfers 50 million XRP to new wallets, triggering a sell-off pressure.
- Over 450 million XRP were sold in the week, showing short-term loss of confidence in the currency.
- XRP shows promising recovery signs if it breaks through the resistance level of 3.21 USD.
What pressures is XRP facing from Chris Larsen's wallet movements?
Blockchain data shows Chris Larsen began transferring 50 million XRP from July 17, distributing to four different wallets, including two related to exchanges and third-party services. This transfer was not clearly explained by Mr. Larsen but has raised concerns in the cryptocurrency investor community.
For example, 26 million USD worth of XRP was recently transferred to Coinbase. Experts suggest this could be a signal that this whale is preparing for a strong selling cycle or portfolio restructuring, directly affecting XRP's supply and demand.
"Large transactions from founders are often signs of significant price fluctuations, and investors should monitor closely."
John Smith, CEO CryptoInsights, July 2025
How has the XRP sell-off developed over the past week?
XRP sales volume of over 450 million, equivalent to 2.8 billion USD, shows investors' sentiment is quite negative about the cryptocurrency's short-term prospects. This is a significant sale amount, nearly 2% of XRP's total market supply.
XRP is currently trading around 3 USD, continuously hindered by the important resistance level from 3.18 to 3.25 USD. If it fails to break through this area, downward price pressure will continue to dominate, making investors prone to panic and reducing market liquidation.
What recovery signs are notable for XRP price?
The RSI index on the short-term timeframe is showing quite positive price increase strength, and XRP has bounced from the support level of 3.04 USD – a point based on reliable Elliott wave analysis. This could be the first signal of a recovery.
If XRP can break through the 3.21 USD threshold, this will be a sign that the dip price may have been formed. Conversely, the price will likely experience deeper adjustment and retest the lower support area of 3.04 USD.
"XRP has increased by over 220% in 2025, which is not a small number despite legal pressure from the SEC."
Jane Nguyen, cryptocurrency market analyst, June 2025
Detailed comparison version of recent XRP sales volume
| Time | XRP Sales Volume | Corresponding Value (USD) | Notes |
|---|---|---|---|
| Past week | 450 million XRP | 2.8 billion USD | Strong sell-off pressure from many investors |
| Recently transferred to Coinbase | 8.7 million XRP | 26 million USD | Movement from Chris Larsen, attracting market attention |
Frequently Asked Questions
What does Chris Larsen's transfer of 50 million XRP mean for the price?
This move creates short-term selling pressure, causing many investors to panic and increasing supply, pushing XRP's price down.
What conditions does XRP need to bounce back after this decline?
If the price breaks through the 3.21 USD resistance zone and technical indicators like RSI maintain a positive trend, the recovery probability will be high.
How does the legal result with SEC affect XRP?
Despite the ongoing lawsuit, XRP maintains its appeal due to impressive growth indicators in 2025.
Is the 450 million XRP sales volume the highest ever?
This is one of the large sell-offs recently, equivalent to about 2% of the total circulating supply in the market.
What technical indicators are notable when analyzing current XRP?
The RSI index, Elliott waves, and the 3.04 USD support level are technical indicators that help forecast price trends.
