XRP Drops 1.633% Amid Market Fluctuations and Insider Transfers

XRP's latest price was $3.14, down 1.633% in the last 24 hours. The cryptocurrency market has seen significant fluctuations, with XRP being no exception. Crypto Bitlord, a seasoned investor active since 2011, had warned about an impending downturn in the crypto market, which materialized the following day. This decline caught many traders off guard, particularly those invested in XRP, as the asset had recently reached a new all-time high, fostering a strong bullish sentiment.

Crypto Bitlord has since posted another update, predicting a significant rally in the crypto market. While he did not specify which assets he expects to surge, many traders are eyeing XRP as a potential candidate for an imminent rise. The analyst has previously shown interest in XRP, predicting a rapid surge to $12 for the asset. Other analysts have identified the $3.65 level, XRP’s all-time high, as a crucial breakout zone. This level is widely viewed as a potential launchpad for a significant continuation, possibly into double-digit territory if momentum sustains. With bulls actively defending key support zones and accumulating during the dip, sentiment around XRP remains positive.

The broader market setup also provides a favorable backdrop. Bitcoin appears to have found temporary support, and altcoins are beginning to show signs of strength once again. XRP has drawn renewed interest because of its technical structure and increasing conviction among long-term holders. A well-respected technical analyst recently drew attention to a cup and handle pattern on the digital asset’s chart, potentially targeting $7 despite the market turbulence.

Market observers will now watch closely to see whether XRP can reclaim the $3.5 support level. A clear move above it could validate the bullish expectations. Crypto Bitlord’s recent track record commands respect. Having been active in the space since 2011, many consider him an expert, and multiple signs in the current market suggest that the massive pump he predicted could materialize soon.

Ripple co-founder Chris Larsen’s recent transfer of $140 million in XRP to exchanges has sparked significant concerns about insider influence in the crypto market. On-chain data reveals a substantial outflow from Larsen-linked wallets, with over 2.81 billion XRP still under his control, underscoring potential market supply risks. A leaked 2012 agreement detailing early XRP allocations further emphasizes the centralized distribution among founders, fueling debates on market transparency and decentralization. The document confirms that Arthur Britto was allocated 2% of all XRP and granted lifetime rights to develop on the Ripple protocol independently of company approval. This historical context highlights the centralized nature of XRP’s early supply and the significant control retained by founding members.

The timing and scale of Chris Larsen’s recent XRP transfers draw notable parallels to market behavior observed during the 2018 XRP price peak. On-chain data indicates that major outflows from Larsen’s wallets coincided with that historic top, suggesting a recurring pattern of insider-driven market influence. Such activity has historically contributed to price corrections, fueling skepticism among investors about the fairness and transparency of token distribution.

Despite these concerns, the XRP market continues to exhibit resilience. The recent dip has been met with strong technical support, and the token remains among the top performers in the crypto space this quarter. Market participants are advised to monitor founder wallet activity closely, as future sales—especially if routed through over-the-counter (OTC) or institutional desks—could mitigate immediate price shocks.

Developments surrounding XRP continued to attract significant attention in late July 2025. The token achieved a notable milestone by reaching a new all-time high on July 18th, marking a significant recovery after a challenging period spanning nearly seven years. This new peak represented a major achievement following protracted regulatory uncertainty. Previous obstacles stemmed significantly from a 2020 lawsuit initiated by the U.S. Securities and Exchange Commission (SEC) against Ripple Labs, the company closely associated with XRP. The SEC had contested the classification and issuance method of XRP, arguing it resembled a traditional security issued by a corporation, unlike cryptocurrencies earned through mining. However, a shift in regulatory posture under President Donald Trump's administration towards a more favorable stance on cryptocurrency paved the way for Ripple to largely resolve its legal challenges with the SEC.

The core technology underpinning XRP is its role within Ripple's global payments network, Ripple Payments. This network aims to facilitate direct and instantaneous cross-border transactions between financial institutions, irrespective of their existing payment infrastructures. XRP serves as a standardized bridge currency within this system, allowing for example, a European bank to send XRP to a Korean bank instead of euros, bypassing costly foreign exchange processes. Transaction costs for sending XRP across borders are minimal, representing a fraction of one U.S. cent. Ripple holds a significant portion of the XRP supply, approximately 41 billion tokens, releasing them incrementally to meet market demand alongside the existing circulating supply of 59 billion tokens.

Despite the positive momentum from its new high and settled regulatory environment, activity surrounding Ripple's co-founder drew considerable scrutiny and coincided with market volatility. On July 24th, 2025, Chris Larsen was reported to have executed substantial transfers involving XRP tokens. Transactions linked to Larsen involved moving a significant quantity of tokens, specifically cited as 175 million units in one instance. Blockchain analysis highlighted that wallets associated with Larsen still held a considerable remaining balance exceeding 2.81 billion XRP. This movement of tokens coincided with heightened market activity for XRP during the session on the 24th, which was characterized by increased volatility and significant market positioning shifts.

The resolution of the major regulatory overhang and the achievement of its highest value underscore a pivotal moment for XRP. Its primary utility remains firmly anchored in facilitating efficient cross-border settlements through Ripple Payments. The recent actions by the co-founder involving large transfers of tokens introduced a new element for market participants to consider alongside the established narrative of technological application and improved regulatory clarity. This combination of technological ambition, legal resolution, and internal stakeholder activity continues to define XRP's current landscape within the digital asset ecosystem.