{"id":13872,"date":"2025-10-21T06:18:07","date_gmt":"2025-10-21T06:18:07","guid":{"rendered":"https:\/\/bitunikey.com\/news\/xrp-price-tests-2-40-support-as-ripple-co-founder-offloads-120m\/"},"modified":"2025-10-21T06:18:15","modified_gmt":"2025-10-21T06:18:15","slug":"xrp-price-tests-2-40-support-as-ripple-co-founder-offloads-120m","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/xrp-price-tests-2-40-support-as-ripple-co-founder-offloads-120m\/","title":{"rendered":"XRP price tests $2.40 support as Ripple co-founder offloads $120M"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">XRP price hovers near a key support level as Ripple co-founder Chris Larsen\u2019s $120 million token sale stirs short-term caution ahead of major market catalysts.<\/p>\n<div id=\"cn-block-summary-block_5159d46dcbf31855ee6b0e21f32e4fc0\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>XRP trades around $2.43, down 5% this week and 18% this month.<\/li>\n<li>Chris Larsen\u2019s $120M sale renews insider-selling concerns but fails to trigger panic.<\/li>\n<li>ETF optimism and growing on-chain utility could support a rebound if $2.40 holds.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>At the time of writing, XRP was trading at $2.43, down 0.1% over the previous day after testing the $2.40 support zone. The token has fallen 5.4% in the last week and 18% in the last 30 days, retracing about 33% from its peak of $3.85 in July.<\/p>\n<p>Following weeks of intense selling, the 7-day range, which is between $2.21 and $2.56, shows tight consolidation. Meanwhile, 24-hour spot trading volume reached $4.12 billion, a daily increase of 19.9%, indicating increased buyer and seller participation.<\/p>\n<p>Derivatives activity increased as well, according to CoinGlass <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coinglass.com\/currencies\/XRP\/futures\" target=\"_blank\" rel=\"nofollow\">data<\/a>, with open interest rising 2.86% and futures volume up 14.56% to $5.97 billion. This uptick indicates that traders are re-entering positions instead of directional conviction, which is a sign of increasing volatility.\u00a0<\/p>\n<h2 class=\"wp-block-heading\">Ripple co-founder XRP sale stirs sentiment<\/h2>\n<p>On Oct. 20, Ripple co-founder Chris Larsen sold 50 million XRP (XRP), worth about $120 million. This was his first major sale since July. Maartunn, a CryptoQuant analyst, flagged the move, which sparked fresh worries about insider selling because it occurred as XRP was hovering close to a crucial support zone.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udea8 NOW: Chris Larsen (Ripple co-founder) just offloaded 50M <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$XRP<\/a> (worth ~$120M) in the past hour.<\/p>\n<p>Still buying the hype?<br \/>He\u2019s cashing out. <br \/>You\u2019re holding the bag. <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/mwEPR0MAl6\">pic.twitter.com\/mwEPR0MAl6<\/a><\/p>\n<p>\u2014 Maartunn (@JA_Maartun) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/JA_Maartun\/status\/1980310473582211575?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">October 20, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>On social media, the sale set off a wave of pessimism, with \u201cinsider exit liquidity\u201d trending on X. Santiment\u2019s on-chain data, however, revealed that the general market absorbed selling pressure despite the spike in FUD, indicating that short-term pessimism hasn\u2019t turned into panic. Historically, such sentiment spikes have preceded short recoveries once retail fear peaks.<\/p>\n<p>Still, Larsen\u2019s move builds on an already cautious mood. XRP faced turbulence earlier in October when Trump tariff fears and over $130 million in liquidations drove a sharp correction.\u00a0<\/p>\n<h2 class=\"wp-block-heading\">XRP ETF hopes offer cushion<\/h2>\n<p>The upcoming spot XRP exchange-traded fund rulings, which are pending review of filings from CoinShares, Bitwise, and Grayscale, may provide a counterbalance. Analysts project 95% approval odds, which could unlock $5\u20138 billion in inflows, Similar to ETH\u2019s ETF-driven surge earlier this year,\u00a0<\/p>\n<p>Ecosystem developments also add support. Evernorth\u2019s $1 billion treasury raise, backed by SBI and Kraken, ties directly to XRP holdings, while Ripple\u2019s RLUSD stablecoin nears the $1 billion mark, expanding XRP\u2019s institutional use cases.<\/p>\n<h2 class=\"wp-block-heading\">XRP price technical analysis<\/h2>\n<p>XRP is testing short-term support on the daily chart, hovering close to the lower Bollinger Band. There is potential for a rebound if buyers intervene, as indicated by the relative strength index at 39.9, which shows mild bearish momentum but not oversold conditions.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">XRP daily chart. Credit: crypto.news<\/figcaption><\/figure>\n<p>Although the short-term slope is flattening, all of the major moving averages (10\u2013200-day) are above the current price and indicate a broad downward trend. A sustained hold above $2.40 could stabilize momentum and target the $2.60\u2013$2.70 range, near the middle band.<\/p>\n<p>On the downside, a clear break below $2.10 might speed up liquidations by exposing the next support level, which is close to $1.80. For bulls, reclaiming $2.70 remains critical for any return to the $3.00\u2013$3.15 resistance area.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<div class=\"cn-block-disclaimer\">\n<div class=\"cn-block-disclaimer__icon\">\n            <svg class=\"icon icon-info\" aria-hidden=\"true\"><use xlink:href=\"#icon-info\"><\/use> <\/svg>        <\/div>\n<p class=\"cn-block-disclaimer__content\">\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        <\/p>\n<\/p><\/div>\n<p><!-- .cn-block-disclaimer --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP price hovers near a key support level as Ripple co-founder Chris Larsen\u2019s $120 million token sale stirs short-term caution ahead of major market catalysts. Summary XRP trades around $2.43,&hellip;<\/p>\n","protected":false},"author":1,"featured_media":5268,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-13872","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/13872","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=13872"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/13872\/revisions"}],"predecessor-version":[{"id":13873,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/13872\/revisions\/13873"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/5268"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=13872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=13872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=13872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}