Ripple’s co-founder, Chris Larsen, has reportedly realized over $764 million in XRP profits since January 2018, according to on-chain analysis recently shared by sector experts. These recurring substantial sales have reignited debate about timing, insider sentiment, and the broader implications for the cryptocurrency markets—particularly as XRP and its peers remain gripped by uncertainty and waning bullish momentum.
Despite XRP’s longstanding reputation as one of the market’s most actively traded tokens, it has struggled to reclaim upward momentum. Current price action sees the token trading below $2.50 amid shrinking volumes, retesting major support at the $2.00 level. This position is significant. The 200-day moving average—historically a vital technical threshold—now acts as the line in the sand for bulls clinging to hopes of a rebound. Recent rejections between $2.60 and $2.70, coinciding with Larsen’s largest profit-taking moves, have only intensified bearish undertones.
For many digital asset investors, the timing of executive sell-offs is more than coincidence. On-chain activity shows Larsen and entities linked to Ripple often execute sizable transactions near local market peaks. While these operations can be framed as prudent portfolio rebalancing by insiders, the consistency of these sales has led analysts to contemplate whether capital is quietly preparing for prolonged market turbulence.
The backdrop for such developments is one of broader crypto market fragility. Altcoins across the spectrum, XRP included, are consolidating beneath their long-term support zones and are still far from recapturing previous highs. Historically, significant capital rotation into altcoins only emerges when Bitcoin decisively breaks out beyond all-time highs, sowing confidence in a sustained risk-on market environment. For now, capital remains defensive, with traders watching Bitcoin as the key bellwether.
As the industry navigates this transitional phase, the debate around large holder activity—embodied by figures like Larsen—highlights the delicacy of market structure. The coming weeks are pivotal. Should Bitcoin assert dominance with a new high, the resulting surge of liquidity may revive hopes for XRP and other altcoins. If not, the persistent outflows from prominent insiders could foreshadow another leg lower across the digital asset space.
For institutional and retail participants alike, Larsen’s actions illustrate the importance of closely monitoring the intersection between executive sales, technical thresholds, and broader market sentiment as volatility continues to define the next chapter in crypto’s evolution.
Disclaimer: This article is provided for informational purposes only and does not constitute financial advice. Investors should always conduct their own thorough research and consult with a qualified financial advisor before making any investment decisions in cryptocurrencies, which are highly volatile and speculative assets.
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