XRP News Today: Ripple Co-Founder's $175M XRP Transfer Sparks 15% Price Drop, $7.3M Liquidations on Binance

Ripple co-founder Chris Larsen moved $175 million in XRP during a period of heightened volatility for the cryptocurrency, sparking debate about its short-term price dynamics. The transactions, which occurred between July 17 and July 24, 2025, involved the transfer of 50 million XRP—worth approximately $175 million—to three exchange-connected addresses and two newly created wallets. According to blockchain analyst ZachXBT, $30 million of the total was directed to Coinbase, a move widely interpreted as a precursor to selling [1]. The timing of the transfers coincided with XRP reaching a record high of $3.65 on July 18, after which the token experienced a 15% pullback over the following week [2].

The market reaction was swift. On July 23, XRP fell 10.3%, triggering $7.3 million in long-position liquidations on Binance, as noted by analyst Darkfost of CryptoQuant Insights [3]. Exchange reserves for XRP also rose steadily since May, from 2.75 billion to 2.98 billion tokens by July 24, according to AMBCrypto. While increased exchange holdings typically signal a distribution phase, the rise occurred alongside XRP’s all-time high, adding complexity to the interpretation [4]. CoinGlass data further highlighted the strain on derivatives markets, with $16.42 million in long liquidations reported within 24 hours [5].

Larsen’s actions have drawn scrutiny for their potential influence on market sentiment. Blockchain forensics firm Lookonchain estimates that Larsen’s remaining holdings total 2.81 billion XRP, valued at over $8.4 billion at current prices [6]. Critics argue that the concentration of supply among early stakeholders, including Larsen’s historical allocation of 9 billion XRP from Ripple’s 2012 founding, raises concerns about centralization risks [7]. However, Larsen’s team has not commented on the transactions, and no direct link has been established between the transfers and Ripple’s ongoing SEC litigation over XRP’s classification [8].

Despite the short-term sell-off, XRP has found support near the $3.00 level, with analysts suggesting the $2.9–$3 range could act as a psychological floor for the token. The price consolidation may allow derivatives and spot markets to stabilize before further upward movement. At press time, XRP traded at $3.11, reflecting resilience amid the broader market correction [9].

The incident underscores the sensitivity of large institutional movements in crypto markets, where liquidity imbalances can amplify price swings. While Larsen’s sales have not conclusively altered XRP’s long-term trajectory, they highlight the challenges of balancing regulatory uncertainties with investor confidence in assets with concentrated ownership structures.

Sources:

[1] https://ambcrypto.com/ripple-co-founder-moves-175m-in-xrp-market-reaction-explained/

[2] https://www.tipranks.com/news/xrp-slammed-after-175m-moved-by-ripple-co-founder-is-this-a-dump

[3] https://bitcoinist.com/ripple-co-founder-offloads-200-million-xrp-10-days/

[4] https://www.ainvest.com/news/xrp-news-today-chris-larsen-sparks-backlash-sending-140m-xrp-exchanges-time-high-price-dips-15-2507/

[5] https://coingape.com/xrp-price-dumps-amid-175m-transfer-linked-to-ripple-co-founder/

[6] https://www.ainvest.com/news/xrp-news-today-chris-larsen-sparks-backlash-sending-140m-xrp-exchanges-time-high-price-dips-15-2507/

[7] https://www.coindesk.com/markets/2025/07/24/xrp-rebounds-from-nearly-usd3-after-10-drop-signals-possible-bottom

[8] https://www.cryptotimes.io/2025/07/24/ripple-co-founder-transfers-50m-xrp-worth-175m-amid-market-dip/

[9] https://www.ainvest.com/news/xrp-news-today-ripple-founder-moves-175m-xrp-price-dips-1-12-scam-surge-2507/