XRP News Today: Ripple CEO Sells $200M XRP at Peak Amid Bullish Price Forecasts

A wave of scrutiny has emerged in the XRP community following revelations that Ripple CEO Brad Garlinghouse sold approximately $200 million worth of XRP near a recent market peak [1]. The blockchain analytics firm Xaif, alongside influential crypto commentator Crypto Bitlord, highlighted the sale as having occurred over a 10-day period during a local price high. This has led to questions about Garlinghouse’s long-term conviction in the token, particularly given the recent resolution of Ripple’s long-standing legal battle with the SEC [1]. In 2020, the SEC disclosed that Garlinghouse had sold about $600 million of XRP between 2017 and 2020, a figure that played a significant role in the agency’s case against Ripple [1].

The recent timing of the $200 million sale has deepened concerns among XRP holders, many of whom were anticipating major utility developments and institutional adoption. Critics have questioned the lack of broader recognition for XRP, noting that the White House did not include it in its latest statements on digital asset innovation [1]. Some community members have even described the situation as resembling a “scam,” with one prominent voice on X stating that “we’ve all been had” [1].

Garlinghouse’s supporters, however, argue that high-level executives have the right to diversify their wealth, manage taxes, or access liquidity, particularly after years of regulatory challenges. They also point to his continued holdings in both XRP and Ripple equity, noting that his net worth remains in the multi-billion-dollar range [1]. Nevertheless, the optics remain problematic. At a time when XRP is expected to gain traction in real-world applications, such a high-profile sale may cast doubt on the leadership’s confidence in the token’s long-term potential.

Amid the criticism, several analysts have issued bullish forecasts for XRP’s near-term performance. Amelie, a prominent crypto proponent, has expressed confidence that August and September will be favorable for XRP holders, suggesting that traditional bearish signals may indicate a reversal in the market [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, with a strong close above this level potentially pushing 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 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/