XRP News Today: Ripple Co-Founder Moves $170M XRP Triggers Bearish Pressure $2.8B Liquidated in Week

The movement of 50 million XRP tokens by Ripple co-founder Chris Larsen, valued at approximately $170 million, has triggered renewed bearish pressure on the cryptocurrency’s price. Blockchain records indicate that the transfers occurred on July 17, with tokens distributed across four wallets. Two of these wallets, receiving 30 million and 10 million XRP respectively, are suspected to be linked to crypto exchanges or third-party services, while the remaining 10 million was split between two newly created wallets, each holding 5 million XRP [1]. The activity follows a recent $26 million transfer of XRP to Coinbase, further heightening market uncertainty. Traders are interpreting these actions as potential signals of strategic reallocation or liquidity needs, though Larsen has not publicly commented on the rationale.

The token movement has coincided with a surge in selling activity. Over the past week, more than 450 million XRP tokens—worth over $2.8 billion—have been liquidated, reflecting a notable erosion of investor confidence in short-term price stability. As of the latest data, XRP trades near $3, struggling to breach a critical resistance range between $3.18 and $3.25. Analysts note that without a decisive upward movement beyond this zone, the asset may remain under bearish pressure [1].

Despite the near-term volatility, technical indicators suggest tentative signs of stabilization. XRP recently rebounded from the $3.04 level, a historically significant support point identified through patterns such as the Elliott Wave Theory. Shorter-term RSI metrics also indicate weakening sell momentum, raising the possibility of a near-term bounce. A retest of the $3.21 resistance could confirm whether the recent low marks a temporary bottom. Failure to sustain gains above this threshold, however, might push prices back toward the $3.04 level for further consolidation [1].

While the current dip has dampened sentiment, XRP remains one of the year’s top performers in 2025, having surged over 220% since the beginning of the year. Its market capitalization stands at roughly $185 million, reflecting sustained demand despite ongoing legal challenges with the U.S. Securities and Exchange Commission (SEC). The unresolved litigation continues to cast a long-term shadow over the asset, but immediate market dynamics suggest that investors are more focused on short-term price action and liquidity developments [1].

Source: [1] [XRP Price Prediction Today as Ripple Co-Founder Moves $170M Worth of Tokens] [https://coinpedia.org/news/xrp-price-prediction-today-as-ripple-co-founder-moves-170m-worth-of-tokens/]