The price of XRP is faced with a cool down pressure. This price drop occurs while the co-founder of Ripple, Chris Larsen, moved 50 million XRP, worth around 170 million dollars, with several different portfolios.
Blockchain data show that these transfers began on July 17. The tokens were sent to four different wallets. Two of these portfolios have received 30 million and 10 million XRP and seem to be linked to crypto exchanges or third -party services. The remaining 10 million XRP were divided between two new portfolios, each obtaining 5 million XRP.
Barely a few days ago, $ 26 million in XRP was sent to Coinbase. Although Larsen did not share any reason for these transfers, the timing has made many nervous traders.
XRP holders are starting to sell
Investors are clearly uncomfortable. During last week, more than 450 million XRPs were sold, which is worth more than $ 2.8 billion. This sudden sales series shows that many lose confidence in the short -term growth of XRP.
Currently, XRP is negotiated about $ 3. He finds it difficult to exceed a key resistance level between $ 3.18 and $ 3.25. Until the price crosses this area, XRP will remain under pressure.
Signs of a possible rebound
XRP recently rebounded from the level of $ 3.04, which is a common support point based on trading models such as Elliott waves theory.
There are also early signs of a possible recovery. Some indicators, such as the RSI on shorter deadlines, show force. This means that the sale could slow down and a rebound could be close. If XRP can again exceed $ 3.21, it would be a good sign that the recent bottom could be the bottom. Otherwise, the price could drop again and Rettester $ 3.04.
Despite the short -term decline, XRP was one of the best performers in 2025. It has earned more than 220% so far this year. The current XRP market capitalization is around $ 185 million. The current legal battle with the SEC is still important, but the overall interest in XRP remains strong.
