Ripple (XRP) Price Plummets, $175 Million Big Deal Related to Ripple Founder in the Spotlight!

Jakarta, Pintu News – The price of Ripple experienced a sharp decline of more than 10% after reaching its recent peak. This drop coincided with a massive transfer made by one of Ripple’s co-founders, which sparked concerns in the market.

This affected the overall dynamics of the cryptocurrency market, with trading volumes increasing significantly.

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XRP Price Drop

Ripple (XRP) is now under pressure after losing support at the $3.27 pivot point and 23.6% Fibonacci retracement located at $3.28. This drop triggered the activation of stop-loss orders resulting in massive liquidation in Ripple (XRP) futures totaling around $81.7 million.

Trading volume increased dramatically by 149.8% in the last 24 hours, signaling strong selling pressure. In addition, the MACD index showed a decline in bullish momentum, further aggravating the price decline.

This decline not only affected Ripple (XRP) but also affected the overall altcoin market capitalization which almost lost $100 billion. Bitcoin’s dominance briefly increased as a market reaction.

South Korea’s Upbit exchange reportedly made the situation worse by selling over 75 million Ripple (XRP) on its platform.

Read also: Nature’s Miracle New Strategy: $20 Million Investment in Ripple (XRP)

Big Transfer by Ripple Founder

ZachXBT, a blockchain investigator, reported that a wallet associated with Chris Larsen, the founder of Ripple, has moved approximately 50 million Ripple (XRP) worth approximately $175 million as of July 17, 2025.

Of this amount, approximately $140 million of Ripple (XRP) was allocated to exchanges or related services. This transfer sparked widespread market speculation, with some perceiving this as a massive selling action, while others saw it as an attempt to increase the decentralization of Ripple (XRP) supply.

The transfer was split across several addresses, including two new wallets that received 5 million Ripple (XRP) each. Although the price reaction was immediate, some analysts remain optimistic. Dark Defender, for example, stated that what happened was a normal correction before Ripple (XRP) gears up for its next leg up.

Also read: 3 Cryptos Ready to Rally in Altseason!

Optimism Amid Volatility

Despite the high volatility, there is still optimism regarding the development of the legal case between Ripple and the US Securities and Exchange Commission (SEC). The deadline for the joint status report is August 15, and many legal observers predict that an agreement is likely to be reached.

Online speculation suggests that the deal may include a fine of around $50 million without a formal court order, an outcome that is seen by the community as bullish for Ripple and Ripple (XRP).

CrediBULL Crypto notes that Ripple (XRP) has completed a “triple tap” setup, retested previous resistance that has turned into support, and is likely to resume its upward movement from its recent low near $1.90.

Conclusion

Despite facing major challenges, Ripple (XRP) is still showing resilience in the cryptocurrency market. With potential legal case developments and supportive technical analysis, the future of Ripple (XRP) still seems to be full of potential. Investors and market watchers will continue to monitor any developments that occur.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Coingape. XRP Price Dumps Amid $175M Transfer Linked to Ripple Co-Founder. Accessed on July 25, 2025
• Featured Image: Crypto Times