XRP Price Gets Hijacked as Ripple Co-Founder Keeps ‘Cashing Out at the Highs’

Ripple co-founder Chris Larsen has realized over $764 million in profits from XRP sales since 2018. His continued selling near local highs is fueling concern that it could weigh on the token’s price recovery.

Ripple’s XRP (XRP-USD) is back in focus, but not for reasons that please investors. The token, currently trading around $2.40, has struggled to hold momentum as Ripple co-founder and former CEO Chris Larsen continues to sell portions of his holdings. Analysts say these moves have often coincided with local price peaks.

Larsen’s Profits Stack Up

According to on-chain data shared by CryptoQuant analyst J. A. Maartunn, Larsen has realized more than $764 million in profits from XRP sales since 2018. “Chris Larsen has realized $764,209,610.42 in profits since January 2018,” Maartunn wrote, adding that the co-founder “has a recurring habit of cashing out near local highs.”

The latest activity includes a 50 million XRP transfer from a wallet tied to Larsen earlier this week. While the move sparked concern across the community, Larsen later confirmed that the transfer was part of an investment into the Evernorth treasury, a recently announced XRP-focused investment vehicle.

Still, analysts note that consistent selling from one of Ripple’s largest stakeholders could keep downward pressure on prices, particularly as XRP remains well below its mid-July peak of $3.66. Maartunn’s data shows that Larsen’s realized profit curve has steepened sharply in 2025, rising from less than $200 million seven years ago to over three-quarters of a billion dollars today.

Key Levels to Watch

Technical analysts say XRP must reclaim its 200-day simple moving average (SMA) near $2.60 to break its current downtrend. A move above that level could open the path to $2.75–$3.00, areas that have served as resistance in recent trading cycles.

In contrast, a failure to hold above $2.35 could see the token slide further, particularly as traders monitor large wallet activity. Still, a bullish divergence on the relative strength index (RSI) suggests the selling momentum may be waning, giving room for a potential short-term rebound if buying volume picks up.

Larsen’s Selling Spree Rattles XRP Traders

For long-term XRP holders, Larsen’s timing is hard to ignore. His repeated profit-taking near price highs has raised questions about whether these sales are simply strategic rebalancing or opportunistic exits that undermine investor confidence.

While some see his moves as rational portfolio management, others worry that continued selling from early insiders could weigh on XRP’s price trajectory.

At the time of writing, XRP is sitting at $2.3861.