Larsen's XRP Wallet Transfers 50 Million Units, Valued at $140 Million, Enters Cryptocurrency Exchanges
In the world of cryptocurrencies, the recent transfer of $35 million worth of XRP by Ripple co-founder Chris Larsen on July 17, 2025, has sparked a flurry of activity and speculation. Without clear communication about the purpose of the transfer, the market is left guessing, a situation that is rarely welcomed in the volatile crypto landscape.
Traders are closely watching XRP's price movements, hoping for signs that it will stabilise, recover, or tank. The event has sent ripples through the market, with social media chatter around Ripple surging, filled with memes, speculation, and even panic posts on X (formerly Twitter).
Analysts are divided on whether the market can absorb the sell pressure or if volatility lies ahead. Some believe the market has matured enough to handle such transfers, while others fear further downside if the $140 million ends up sold on open markets. The scale of the transfer is hard to ignore, according to market analysts.
Despite the uncertainty, XRP's recent price movements and market analyses suggest a strong bullish trend. XRP has had a significant run-up in July, surging by nearly 65% between July 6 and 18, briefly hitting a new yearly high of $3.66. However, it faced a pullback, experiencing a 10% drop from $3.45 to $3.10[1][2].
Despite this drop, XRP showed signs of a potential bullish reversal by rebounding from a low of $2.96. This rebound was supported by high trading volumes and the formation of higher lows, indicating possible institutional accumulation[2]. The improving liquidity and renewed confidence in Ripple's ecosystem, along with the broader crypto market environment, with Bitcoin and Ethereum performing well, also favour altcoin growth[3].
If XRP maintains momentum, short-term targets could include $3.40 and $3.60. A continuation beyond these levels could pave the way for a further increase to historical highs around $4.50[3]. Long-term predictions vary widely, with institutional forecasts ranging from $3.40 to $5.50, while more speculative projections suggest prices could reach $10 to $26.50, driven by potential ETF approvals, SEC settlement developments, and increased institutional adoption[4].
One expert, Mr. Xoom, predicts XRP could reach $6 to $8 by August 2025, suggesting a continued uptrend[1]. However, it's unclear if these transfers were direct sell-offs or not. Analysts have raised concerns about potential price pressure due to the large volume of XRP transferred. Large exchange inflows can lead to sudden sell-offs or planned liquidations, according to analysts.
It's also unclear if the funds transferred were for strategic purposes like OTC deals or treasury management. Regardless, the market is keeping a close eye on the next few days, as they could define short-term momentum for XRP and test investor patience.
[1] CoinDesk (2025). XRP Price Prediction: Can Ripple's Cryptocurrency Reach $10 By End Of 2025? [online] Available at: https://www.coindesk.com/business/2025/07/20/xrp-price-prediction-can-ripples-cryptocurrency-reach-10-by-end-of-2025/
[2] Cointelegraph (2025). XRP price analysis: 24-hour volume spikes following transfer by Ripple co-founder [online] Available at: https://cointelegraph.com/news/xrp-price-analysis-24-hour-volume-spikes-following-transfer-by-ripple-co-founder
[3] Investopedia (2025). XRP Price Forecast 2025 [online] Available at: https://www.investopedia.com/terms/x/xrppriceforecast.asp
[4] Forbes (2025). Ripple XRP Price Prediction 2025: Will XRP Hit $10? [online] Available at: https://www.forbes.com/sites/cryptosouth/2025/07/20/ripple-xrp-price-prediction-2025-will-xrp-hit-10/?sh=67bf966f6d51
- The recent transfer of $35 million worth of XRP by Ripple co-founder Chris Larsen on a crypto exchange has drawn attention to the volatile crypto landscape, causing a surge in market activity and speculation.
- Despite the bullish trend and potential for XRP to reach historical highs, the large-scale transfer has raised concerns about potential sell pressure in the market due to the whale-sized volume of XRP.
- Traders are closely watching XRP's price movements, hoping for signs that it will stabilize or recover, while analysts debate the market's ability to absorb such transfers.
- At the same time, positive factors such as strengthening institutional accumulation, improving liquidity, and the broader crypto market environment point towards continued altcoin growth, with short-term targets including $3.40 and $3.60.
- Long-term predictions for XRP's price vary widely, with institutional forecasts ranging from $3.40 to $5.50, while more speculative projections suggest prices could reach $10 to $26.50 under favorable conditions like ETF approvals, SEC settlement developments, and increased institutional adoption.
