Ripple’s co-founder and former CEO, Chris Larsen, has reportedly cashed out more than $764 million worth of XRP since 2018, triggering fresh debate over whether his repeated profit-taking is weighing on the token’s price performance.
Larsen’s Consistent XRP Sell-Offs
According to data from CryptoQuant analyst J.A. Maartunn, Larsen has realized $764,209,610 in profits from XRP sales over the past seven years. The analyst, in a post on X, claimed Larsen has a “habit of cashing out near local highs,” suggesting a pattern that could be dampening market sentiment each time XRP attempts a recovery.
The timing of Larsen’s latest sale, which reportedly involved a transfer of 50 million XRP to the Evernorth treasury, drew renewed scrutiny. While Larsen confirmed the transfer was an investment move, some traders viewed it as yet another instance of profit-taking at a critical resistance level.
Maartunn’s analysis shows Larsen’s realized profits have grown nearly fourfold since 2018, rising from under $200 million to more than $764 million in 2025. Market watchers worry that this consistent offloading, even if legitimate, may contribute to downward price pressure on XRP, especially given that Larsen still holds a substantial amount, estimated at around $9 billion worth of tokens.
XRP Trades Below Key Levels
At the time of writing, XRP is priced around $2.38, down roughly 34% from its July high of $3.66. Analysts believe the token remains at risk of further declines unless it can reclaim a key technical level the 200-day simple moving average (SMA) at $2.60.
Historically, a successful move above the 200-day SMA has signaled a reversal in XRP’s trend. If bulls manage to push the price beyond that level, it could open the door to a recovery toward $3.00 and beyond.
Technical Signals Offer Hope
Despite the selling pressure from large holders, several indicators suggest XRP may be approaching a turning point. Analysts point to a bullish divergence forming between the token’s price and its relative strength index (RSI), which often signals weakening downward momentum and the potential for a rebound.
If XRP closes above the 20-day exponential moving average (EMA) at $2.55, it could confirm a short-term comeback. Further resistance lies near the $2.74 to $2.80 range, where the 50-day SMA currently aligns, followed by the 100-day SMA at around $2.94. A clean break above these levels would likely end the current downtrend.
Market Divided on Impact
The community remains split on Larsen’s actions. Some investors argue that his sales are part of normal portfolio management, given his early stake in Ripple and long-term association with the project. Others, however, believe these periodic large transfers unsettle market confidence and delay potential price recoveries.
Regardless of motive, the data makes one thing clear: Larsen’s selling activity is closely tracked by traders and often coincides with local market highs. Unless XRP can overcome this recurring source of selling pressure and establish strong technical support, its path toward recovery could remain uneven.
