Ripple’s Cash-Grab: Will XRP’s Price Crumble? 💸

by

Ephemeral Highlights:

  • Chris Larsen, the Ripple co-founder, has siphoned $764 million from XRP since 2018-a gilded cage of cryptocurrency, if ever there was one. 🕵️‍♂️

  • XRP must conquer the 200-day SMA at $2.60, or risk languishing in its current downtrend, a tragicomedy of waning hope. 🚶‍♂️

XRP, that once-mighty titan, teeters on the brink of further losses, as Larsen, the alchemist of profit, continues his ritual of cashing out near local highs. A dance of shadows and dollars, if you will. 🕺

In a post on X, the enigmatic J. A. Maartunn, a sage of CryptoQuant, warned XRP holders that Larsen’s “habit of cashing out near local highs” is as predictable as the tides-and just as lucrative for the co-founder. 📈

Chris Larsen’s XRP Realized Profits Reach $764 Million

XRP, now 34% below its multi-year zenith of $3.66, seems to mourn the days when it soared. This decline, some say, is partly due to the siphoning of a wallet linked to Larsen, the modern-day Icarus of crypto. 🛸

While some laud this as a reasonable profit-taking, others accuse Larsen of orchestrating a grand spectacle of offloading at the peaks, a performance worthy of the stage. 🎭

Maartunn, ever the chronicler, unveiled a chart revealing Larsen’s realized profit from XRP withdrawals has swelled to $764.2 million in 2025, a meteoric rise from under $200 million seven years prior. A tale of two eras, if you’ll indulge the metaphor. 🌌

“Chris Larsen has realized $764,209,610.42 in profits since January 2018,” Maartunn penned, as if recording the deeds of a modern-day Robin Hood-except the loot is digital, and the hood is a blockchain. 🧢

In an earlier X post, the analyst flagged a 50 million XRP transfer from Larsen’s wallet, which the co-founder later confirmed to be an investment in the Evernorth treasury. A noble cause, or merely a diversion? 🤷‍♂️

Congrats @ashgoblue and the @evernorthxrp team on today’s launch! Evernorth fills the missing link today in XRP capital markets, and XRP usage in DeFi products. I’m proud to invest 50M XRP in the firm (you may see some wallet movement on this).

– Chris Larsen (@chrislarsensf) October 20, 2025

“This isn’t an isolated event,” Maartunn remarked, adding with a touch of dry wit:

“Larsen has a recurring habit of cashing out near local highs.”

As CryptoMoon noted, Larsen’s remaining XRP stash is rumored to be worth up to $9 billion-a treasure trove that will likely continue to exert selling pressure, much like a black hole devouring light. 🌑

Key XRP Price Levels to Watch Next

The XRP/USD pair must conquer the 200-day SMA at $2.60 to transform it into support, aiming for higher highs above $3.00. A feat as daunting as climbing Mount Everest in a hurricane. ⛰️

Reclaiming this trendline has historically preceded significant recoveries, as seen in July (refer to the chart below). A hopeful omen, though not a guarantee. 🌈

Above that, the next hurdle is the $2.74-$2.80 range, where the 50-day SMA currently resides-a gauntlet for XRP to cross. 🏁

The following barrier is the 100-day SMA at $2.94, which, if breached, would signal the end of the downtrend. A climax of sorts, though perhaps not the one many hope for. 🎭

The odds of XRP’s ascent from current levels are bolstered by a bullish divergence in the RSI, as illustrated in the chart above. A sign that the market’s pulse is still beating, however faintly. ❤️

A divergence between falling prices and a rising RSI typically signals weakness in the downtrend, prompting traders to buy on dips as investor interest grows and sellers tire. A dance of hope and despair. 🕺

A potential bullish cross from the MACD could further fuel upward momentum, adding a spark to the flame. 🔥

As CryptoMoon reported, the bulls must propel the price above the 20-day EMA at $2.55 to herald a comeback. A challenge as daunting as convincing a skeptic to believe in miracles. 🙏

Read More

2025-10-23 14:13