Chris Larsen has realized substantial gains from XRP, totaling $764 million since 2018. His selling activity poses risks to XRP’s price recovery, with concerns about continued selling pressure as he holds a theoretical $9 billion in XRP.
XRP’s price is currently at $2.40, 34% lower than its July high of approximately $3.66. Analysts indicate that to end its downtrend, XRP must regain the 200-day simple moving average support at $2.60.
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