XRP Faces Pressure as Ripple Exec Offloads Millions – Can It Recover?

XRP’s price has been struggling, recently trading around $2.40, as Ripple co-founder Chris Larsen continues to realize profits from his sizable XRP holdings.

Onchain analytics firm CryptoQuant noted that Larsen tends to sell near local highs, a pattern that has contributed to selling pressure on the token.

Since 2018, Larsen’s XRP profit-taking has grown substantially, with realized gains hitting $764 million in 2025 alone. Earlier this week, Larsen moved 50 million XRP into the Evernorth treasury, illustrating that profit-taking remains an ongoing activity rather than an isolated event. Analysts estimate Larsen still holds up to $9 billion in XRP, signaling potential future downward pressure on the market.

Technical Levels Traders Are Watching

For XRP to mount a recovery, analysts say the $2.60 level – the 200-day moving average-must hold as support. Breaking this trendline could pave the way toward $3.00, with further resistance near the 50-day SMA at $2.74–$2.80 and the 100-day SMA at $2.94, which would indicate a potential end to the downtrend.

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Supporting a bullish case, the relative strength index (RSI) shows a divergence, hinting at weakening selling momentum, while a possible MACD crossover could boost upward movement. Traders will also be watching the 20-day EMA at $2.55; holding above this level could mark the beginning of a rebound.

In short, XRP faces continued selling pressure from large holders, but technical indicators suggest opportunities for recovery if key levels hold.