XRP News Today: Ripple CEO Sells $200M XRP Amid Legal Closure and Market Volatility

A wave of concern has swept through the XRP community after it was revealed that Ripple CEO Brad Garlinghouse sold approximately $200 million worth of XRP during a recent market peak [1]. The information was first highlighted by blockchain analytics firm Xaif and further circulated by prominent crypto influencer Crypto Bitlord. These sales reportedly occurred over a 10-day period and were characterized by their large size and timing, coinciding with XRP’s local price high. The move has raised questions about Garlinghouse’s long-term commitment to the token, particularly given Ripple’s recent resolution of its multi-year legal battle with the U.S. Securities and Exchange Commission (SEC) [1].

Garlinghouse’s sale builds on previous scrutiny of his XRP dealings, including the $600 million in token sales between 2017 and 2020, which were central to the SEC’s case against Ripple. With the legal dispute now effectively closed, the latest transaction has further intensified scrutiny from XRP holders. Critics argue that the timing of the sale undermines trust, especially at a moment when the community is anticipating greater utility and institutional adoption for XRP [1]. The sentiment has been amplified by the lack of government recognition—such as the White House’s absence of mention of XRP in recent statements on digital asset innovation—fueled by concerns over the project’s broader relevance [1].

Despite the criticism, some analysts and market participants remain bullish on XRP’s future. A prominent crypto advocate, Amelie, recently highlighted strong expectations for the token, suggesting that August and September could be favorable for XRP holders. Her comments have resonated with traders who interpret traditional bearish signals as potential indicators of a market reversal [2]. Technical analysis supports this view, showing a bullish divergence forming on XRP’s charts following a pullback to $2.89 in late July after a peak at $3.66 in mid-July. Analysts have identified $3.03–$3.10 as a key resistance zone, and a strong close above this level could propel XRP toward $3.50 or higher [2].

Bullish forecasts from various analysts further reinforce this optimism. Tony “The Bull” Severino predicts a 333% price surge to $13 within 40 days, based on an Elliott Wave triangle breakout pattern [2]. Peter Brandt, a respected technical analyst, projects a 60% rally to $4.47, while Bitget’s research team forecasts a move to $5 by year-end, citing growing institutional interest and real-world use cases in cross-border payments [2]. Additional outlets, including Analytics Insight and Finance Magnates, suggest that XRP could reach $8 to $9 by mid-September if bullish conditions persist and favorable macroeconomic factors, such as ETF momentum or regulatory clarity, emerge [2].

On-chain data also supports the bullish narrative. Over 82 million XRP tokens, valued at approximately $246 million, have been moved off exchanges into cold storage. This trend typically indicates accumulation by large investors and suggests confidence in XRP’s long-term prospects. Combined with declining selling pressure and increasing trading volumes, the market appears to be structuring for an upward move [2].

Amelie’s optimism aligns with a convergence of technical signals, institutional accumulation, and favorable macroeconomic conditions. If XRP can break through the $3.25 to $3.50 resistance zone in the coming weeks, a strong rally toward $4 or $5 by August seems increasingly likely. In a sustained bullish scenario, prices could potentially reach $9 or higher by mid-September [2].

Source:

[1] title: So Ripple CEO Sold $200 Million of XRP at the Top

url: https://timestabloid.com/xrp-proponent-laments-so-ripple-ceo-sold-200-million-of-xrp-at-the-top/

[2] title: Top Crypto Proponent Says August & September Will Be Massively Bullish for XRP Holders

url: https://timestabloid.com/top-crypto-proponent-says-august-september-will-be-massively-bullish-for-xrp-holders-heres-why/