Chris Larsen Cashes Out: $764M In XRP Profits Since 2018

XRP continues to struggle for bullish momentum as market sentiment remains heavily ￰0￱ weeks of declining prices and fading trading volume, the token is still trading below the $2.5 mark, with traders growing increasingly ￰1￱ some analysts interpret this as a cooling-off period before the next potential expansion phase, fear and uncertainty continue to dominate the market’s short-term ￰2￱ Reading: Kadena Shuts Down Operations – Team Confirms Immediate Cease Of All Activities Adding to the tension, top CryptoQuant analyst Maartunn revealed that Chris Larsen, Ripple’s co-founder, has realized over $764 million in profits since January 2018 from XRP-related ￰3￱ to on-chain data, Larsen’s selling activity tends to coincide with local price peaks — a pattern that raises questions about whether current market behavior could signal another turning ￰4￱ such sales are not uncommon among large holders, timing and consistency are key factors that often influence investor ￰5￱ many, these moves highlight the delicate balance between long-term strategic profit-taking and the perception of insider confidence in the project’s ￰6￱ XRP battles to hold current levels, the market will be closely watching whether institutional players and insiders maintain their exposure — or continue to cash out amid growing ￰7￱ Larsen’s Recurring Profit-Taking and the Fragile State of Altcoins According to analyst Maartunn, Chris Larsen’s latest XRP sale is connected to EvernorthXRP, an entity believed to be one of the wallets managing Ripple-linked holdings and ￰8￱ this particular transaction might appear routine, Maartunn points out that it fits a recurring pattern — Larsen has consistently realized large profits close to local market ￰9￱ time XRP experiences a rally, significant selling activity from wallets tied to Ripple executives tends to ￰10￱ recurring behavior fuels debate around insider timing and investor ￰11￱ such moves can be interpreted as simple portfolio rebalancing, they often occur when retail enthusiasm peaks, amplifying uncertainty during already fragile market ￰12￱ timing of Larsen’s sales — amid a broader altcoin correction — has intensified speculation that large holders are preparing for extended market ￰13￱ current environment for altcoins remains particularly ￰14￱ tokens are sitting near long-term support zones, trading well below their 200-day moving averages.

Historically, altcoins have only regained strong bullish momentum after Bitcoin has convincingly broken above its all-time high (ATH). Without this confirmation from BTC, capital tends to stay conservative, favoring liquidity and safety over ￰15￱ essence, Larsen’s consistent profit-taking and the wider altcoin stagnation highlight the market’s transitional ￰16￱ Bitcoin reasserts dominance through a clean breakout, most altcoins — including XRP — are likely to face muted inflows and persistent ￰17￱ are now watching whether Bitcoin’s next major move will reignite confidence across the crypto landscape or confirm that the current rally was just another temporary bounce in an uncertain ￰18￱ Reading: Bitcoin Trapped On Binance: The Battle Between $107K and $119K Heats Up XRP Price Analysis: Testing Support as Momentum Fades XRP continues to trade under pressure, consolidating around the $2.40 zone after failing to reclaim its short-term moving ￰19￱ 3-day chart shows the token struggling below both the 50-day and 100-day moving averages, signaling persistent bearish ￰20￱ recent rejection near the $2.60–$2.70 area aligns with a key resistance cluster that has consistently capped upside attempts since early ￰21￱ the current weakness, XRP has managed to hold above the 200-day moving average, which currently sits near $2.00 — a level that has historically acted as strong dynamic ￰22￱ this level fails, the next downside target could lie around $1.80–$1.90, where the previous accumulation zone formed earlier this ￰23￱ the upside, bulls would need to push the price decisively above $2.70 to regain control and confirm a short-term trend ￰24￱ a move would likely attract fresh liquidity and shift sentiment toward ￰25￱ Reading: Hyperliquid Futures Indicator Signals Whales Are Going Long – Details XRP remains in a vulnerable position, with price action suggesting indecision and a lack of strong buying ￰26￱ Bitcoin continues to dictate broader market direction, XRP’s ability to hold above its 200-day moving average will be crucial to avoid deeper losses in the sessions ￰27￱ image from ChatGPT, chart from ￰28￱