Chris Larsen, co-founder of Ripple, is once again in the market spotlight. Significant concern surrounds the ongoing Chris Larsen’s XRP sales, which have accumulated millions in profits. Since 2018, the executive has secured $764.2 million in realized gains. The information comes from an analysis by JA Maartunn, an analyst at the on-chain platform CryptoQuant, who warned about the sales pattern on the social network X.
The data presented by Maartunn is clear. The CryptoQuant analyst shared a chart showing the growth of Larsen’s profits. These expanded significantly in 2025, rising from less than $200 million to the current figure of $764.2 million since January 2018. Maartunn highlighted a sensitive point. He stated that Larsen has a “recurring habit of cashing out near local highs.” This has drawn criticism from the community.
The controversy intensified with a recent transfer. The analyst detected a movement of 50 million XRP from Larsen’s wallet. However, the Ripple co-founder himself clarified the situation on X. He confirmed that the transfer was not a sale, but an investment in Evernorth’s treasury. Evernorth is one of the companies seeking to expand XRP’s use in DeFi products. Despite this clarification, the market remains nervous.
Will the XRP price manage to overcome the key $2.60 resistance?
The selling pressure, whether real or perceived, has a context. Currently, the price of XRP is trading 34% below its multi-year highs. The asset reached $3.66 this past July 13. The main concern is the amount of tokens Larsen still holds. It is theoretically estimated that he has up to $9 billion worth of XRP remaining. This could continue to exert future selling pressure.
From a technical perspective, the asset is at a decisive point. To end the downtrend, XRP needs to reclaim the 200-day simple moving average (SMA), located at $2.60. Surpassing this line has historically been a bullish signal. Above that level, the next barriers are the 50-day SMA ($2.74-$2.80) and the 100-day SMA ($2.94). Breaking $2.94 would signal the definitive end of the correction.
There are some hopeful signs for bulls. The daily chart shows a bullish divergence on the RSI (Relative Strength Index). This indicator suggests the bearish trend is losing steam. A potential bullish crossover on the MACD is also visible. Nonetheless, to confirm a comeback, bulls must push the price above the 20-day exponential moving average (EMA), situated at $2.55. The market remains cautious of the co-founder’s movements.
