- Chris Larsen, Ripple‘s co-founder, transferred $175 million in XRP during a recent price rally, sparking discussion about large holder influence.
- Larsen still controls about 2.6 billion XRP, valued at over $8 billion, representing roughly 4.39% of the total XRP supply.
- XRP’s price surged to $3.66 before dropping to around $3.14, reigniting questions over centralization and large holder selling pressure.
- Despite ongoing sales by Larsen, technical analysis shows XRP maintaining bullish momentum, with models targeting $6.00.
- Recent regulatory developments and increased whale accumulation are offsetting short-term price corrections and boosting long-term investor confidence.
Chris Larsen, co-founder of Ripple, has recently made significant transfers of XRP, moving $175 million worth of tokens during a major price increase. These actions from one of XRP’s largest holders have raised conversations within the XRP rich list community about centralization and large-supply influence.
As of now, Chris Larsen continues to control about 2.6 billion XRP, valued at over $8 billion. This figure makes up close to 4.39% of the total XRP supply. Since January 2025, blockchain data shows Larsen has transferred more than 167 million XRP, valued at roughly $344 million, to exchanges. The latest $175 million transfer happened when XRP hit its highest price point in years.
Despite concern around these large sales, XRP completed what analysts call a symmetrical triangle breakout. According to technical experts, this is a chart pattern often linked with continued upward price movement. Analyst Ali Martinez said, “If XRP closes above $3, it could kick off a rally to $6 or even higher.” Models now point to possible targets near $6.00 if current trends continue.
The rise in XRP’s price has aligned with favorable regulatory news. U.S. lawmakers have progressed with new cryptocurrency legislation, including the GENIUS and CLARITY Acts, and a new XRP futures ETF was recently launched by ProShares. These changes support growing confidence in the currency, despite the volatility created by large holder movements.
While XRP’s price fell from $3.66 to about $3.14 following the transfers, analysts describe this as a standard correction after a technical breakout. The concentration of XRP with early holders such as Larsen presents both risks—such as sudden large selloffs—and opportunities, as increasing whale and institutional buying continues to absorb supply. Data show that over 99% of people globally still hold no XRP, suggesting room for further adoption in the future.
Current technical support is at the $3.10 to $3.15 range, with any drop below $3.00 possibly leading to lower price levels. Recent market changes show that as initial holders redistribute their XRP, institutional and retail investors are absorbing the available tokens. This ongoing shift may reduce volatility but will continue to shape the XRP landscape.
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