XRP News Today: Ripple Co-Founder Transfers $175M XRP as Token Dumps 12% in 24 Hours

Ripple co-founder Chris Larsen’s recent large-scale transfer of $175 million in XRP tokens has intensified scrutiny over the cryptocurrency’s recent price slump, which saw the token drop as much as 12% in a 24-hour period. The move, first reported on July 17, 2025, involved the transfer of 50 million XRP from an address linked to Larsen to four unspecified wallets. This activity coincided with a broader market correction, though analysts and investors have pinned the selloff on Larsen’s actions, with some accusing him of “dumping” tokens to profit at the expense of retail holders [1][2].

The price decline followed a multi-day rally that had positioned XRP as one of the top-performing cryptocurrencies in July. Larsen’s transfer occurred amid heightened volatility, with XRP trading at a 10–12% discount from its peak just days prior. Critics argue that the timing suggests a deliberate strategy to capitalize on short-term gains, exacerbating fears of market manipulation. Meanwhile, Ripple executives have publicly warned about phishing scams and fake airdrops exploiting the token’s recent popularity, though these warnings did little to stabilize investor confidence [3][4].

While Larsen’s actions alone may not explain the full magnitude of the selloff—market analysts note broader crypto sector declines and regulatory uncertainty as contributing factors—the timing of his transactions has amplified skepticism. One report highlighted that the $175 million transfer coincided with the SEC’s delayed decisions on key legal matters related to Ripple, creating a narrative of instability [5]. This confluence of events has led to calls for greater transparency from insiders, as large token movements by company founders often trigger panic selling in crypto markets.

The incident underscores the fragility of investor sentiment in the cryptocurrency space, where perceived conflicts of interest can rapidly shift asset values. Despite Larsen’s historical role in promoting XRP’s utility for cross-border payments, his recent actions have raised questions about alignment with retail investors. Market participants now await further clarification from Ripple on the nature of the transfers, with some analysts suggesting the move could be part of a broader liquidity strategy rather than a direct profit-taking maneuver. However, without additional context, the narrative of a “dump” persists.

The price downturn was further compounded by a delay in the Ripple vs SEC lawsuit settlement. On July 26, Judge Analisa Torres rejected the parties’ motion for an indicative ruling, stating that a settlement could proceed without revising the Final Judgment or the $125 million civil penalty. Ripple CEO Brad Garlinghouse confirmed dropping their cross-appeal in the 2nd Circuit Court after the SEC agreed to resolve the case. However, no significant developments emerged for over a month, leading investors to anticipate a resolution in August or later [2][5]. Former SEC lawyer Marc Fagel noted that such settlements typically take 1–2 months for approval, with a public statement from the SEC potentially arriving within weeks [5].

Technical indicators also signaled weakening momentum. XRP broke below an ascending channel pattern, with key support at $3.36 failing, pushing the price to $2.98—the 38.20% Fibonacci retracement level. While derivatives data showed mixed signals, including a 140% surge in 24-hour trading volume and a slight rebound in futures open interest, the 24-hour XRP futures open interest fell over 14%, with CME and Binance reporting declines of 5% and 16%, respectively. At the time of writing, XRP traded at $3.10, a 10% drop in the past 24 hours, with the 24-hour range between $2.99 and $3.46 [1].

Sources tracking the transactions note that the addresses involved remain unconfirmed as retail or institutional wallets, complicating assessments of the selloff’s impact. While XRP’s price has since stabilized slightly, the episode has reinforced calls for stronger governance frameworks to prevent perceived insider exploitation of token markets.

Source:

[1] [Ripple co-founder faces dumping accusation XRP transfers ...]

https://www.mitrade.com/insights/news/live-news/article-3-984676-20250724

[2] [XRP dump: Ripple co-founder under fire for moving $175M ...]

https://www.tradingview.com/news/cointelegraph:3bb4b8dc3094b:0-xrp-dump-ripple-co-founder-under-fire-for-moving-175m-xrp-near-highs/

[3] [XRP News Today: Ripple co-founder moves $175M in XRP as token falls over ...]

https://www.ainvest.com/news/xrp-news-today-ripple-founder-moves-175m-xrp-token-falls-12-24-hours-scam-surge-warnings-2507/

[4] [XRP Price Dumps Amid $175M Transfer Linked to Ripple ...]

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

[5] [XRP News Today: BlackRock and Ripple Merge Rumors ...]

https://www.ainvest.com/news/xrp-news-today-blackrock-ripple-merge-rumors-debunked-unverified-analyst-claims-spark-speculation-2507/