Key takeaways:
Ripple co-founder Chris Larsen has realized $764,209,610 in profit from XRP sales since 2018.
XRP must reclaim the 200-day SMA at $2.60 to end a downtrend.
XRP (XRP) was at risk of further losses as Ripple co-founder Chris Larsen continued to realize profit from his XRP stash.
In a post on X, J. A. Maartunn, an analyst at the onchain analytics platform CryptoQuant, told XRP holders that Larsen has a “habit of cashing out near local highs.”
Chris Larsen’s XRP realized profits reach $764 million
XRP price trades 34% below its multi-year highs of around $3.66 reached on July 13, a drawdown that has been partly attributed to large outflows from a wallet linked to Larsen.
Related: XRP price targets $3 as whale wallet count hits new all-time highs
While some see this as a reasonable profit-taking, others have accused Larsen of deliberate offloading at the highs.
Following up on the topic, Maartunn shared a chart revealing that Larsen’s realized profit from his XRP withdrawals has expanded significantly in 2025, rising to $764.2 million from under $200 million more than seven years ago.
“Chris Larsen has realized $764,209,610.42 in profits since January 2018,” Maartunn wrote.
In an earlier X post on Monday, 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.
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). https://t.co/AAbkO6WlZe
— Chris Larsen (@chrislarsensf) October 20, 2025
“This isn’t an isolated event,” Maartunn said, adding:
“Larsen has a recurring habit of cashing out near local highs.”
As Cointelegraph reported, Larsen notionally has up to $9 billion in XRP left, which will likely continue to exert selling pressure moving forward.
Key XRP price levels to watch next
The XRP/USD pair needs to flip the 200-day simple moving average (SMA) at $2.60 on the daily chart into support to target higher highs above $3.00.
Related: Ripple to bring RLUSD stablecoin to Bahrain via new partnership
Reclaiming this trendline has previously been preceded by significant recoveries in XRP price, as seen in July (see the chart below).
Above that, the next level to watch would be the $2.74-$2.80 range, where the 50-day simple moving average (SMA) currently sits.
The following barrier is the 100-day SMA at $2.94, which, if broken, would signal the end of the downtrend.
The chances of XRP price rising from current levels are supported by a bullish divergence from the relative strength index, or RSI, as shown in the chart above.
A divergence between falling prices and a rising RSI usually indicates weakness in the prevailing downtrend, prompting traders to buy more on the dips as investor interest increases and seller exhaustion sets in.
A possible bullish cross from the moving average convergence divergence could also add fuel to the upward momentum.
As Cointelegraph reported, the bulls must drive the price above the 20-day exponential moving average (EMA) at $2.55 to signal a comeback.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
