Key Points:
Ripple co-founder Chris Larsen has realized a profit of $764.2 million from selling XRP since 2018.
XRP needs to break through the 200-day moving average of $2.60 to end the downtrend.
Due to Chris Larsen's continued profit-taking from selling XRP, there is a risk of further declines for XRP.
In a post on platform X, on-chain analysis platform CryptoQuant analyst J. A. Maartunn reminded XRP holders that Larsen has a "habit of cashing out at local highs."
XRP's price has dropped 34% from its multi-year high of about $3.66 set on July 13, 2025, with significant outflows from Larsen's related wallets being considered a partial reason for the price drop.
Some view this as a reasonable profit-taking, while others accuse Larsen of intentionally selling at the highs.
According to data from CryptoQuant, Maartunn later shared a chart showing that Larsen's realized profits from XRP withdrawals significantly increased in 2025, rising from less than $200 million seven years ago to $764.2 million.
"Chris Larsen has realized a profit of $764.20961042 million since January 2018," J. A. Maartunn stated.
In an earlier post on platform X on Monday, the analyst noted a transfer of 50 million XRP from Larsen's wallet, which Larsen later confirmed was an investment in the Evernorth fund.
Congrats @ashgoblue and the @evernorthxrp team on today’s launch! Evernorth fills the missing link today in XRP capital markets, and XRP usage in DeFi products. I’m proud to invest 50M XRP in the firm (you may see some wallet movement on this). https://t.co/AAbkO6WlZe
"This is not an isolated incident," Maartunn said, adding:
According to Cointelegraph, Larsen nominally still holds up to 9 billion XRP, which may continue to increase selling pressure in the future.
XRP against the dollar needs to break above the 200-day simple moving average of $2.60 on the daily chart and turn it into support to challenge highs above $3.00.
Previously, whenever the price returned to this trend line, XRP typically showed a significant rebound, as seen in July (see the chart below).
The key range to watch above is $2.74-$2.80, with the 50-day simple moving average currently in that range.
The next resistance level is the 100-day moving average at $2.94; a breakout would signal the end of the downtrend.
Currently, the opportunity for XRP price increases is supported by a bullish divergence in the relative strength index (RSI), as shown in the chart above.
Price declines but RSI rises typically indicate a weakening downtrend and increased investor interest. Selling pressure is exhausting, and traders may choose to buy on dips.
If the MACD indicator shows a golden cross, it could further enhance upward momentum.
According to Cointelegraph, bulls need to push the price above the 20-day exponential moving average of $2.55 to release a rebound signal.
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Original: “Ripple Co-Founder Keeps Cashing Out at Highs: Will It Hurt XRP Price?”
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