Chris Larsen's XRP Wallets Resume Activity Ahead of Texas Primary

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 36 minutes ago

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Wallet Activity Resumes: Chris Larsen's XRP wallets have resumed activity ahead of the Texas primary runoff, highlighting his influence during critical market and political moments, which may spark interest within the XRP community.
Significant Holdings: Larsen holds approximately 2.58 billion XRP across eight wallets, valued at around $3.5 billion at current prices, making him one of the largest known individual holders of XRP, thereby solidifying his position in the cryptocurrency landscape.
Historical Transfer Context: In January 2025, Larsen's dormant wallets reactivated, transferring over $109 million in XRP to exchanges, demonstrating his active role during market fluctuations, which could impact XRP's price trajectory.
Political Timing Significance: This activity occurs just before the Texas Democratic primary runoff, and combined with Larsen's executive role at Ripple, it may have profound implications for XRP's future development and market sentiment.

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Technical Analysis for XRP

Technical Sentiment Analysis for XRP (XRP). As of , XRP (XRP) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for XRP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, XRP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

XRP (XRP) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	1.164	1.233	1.302	1.371	1.439	1.508	1.577
Fibonacci	1.233	1.285	1.318	1.371	1.423	1.456	1.508

About XRP

Launched in 2012, the XRP Ledger (XRPL) is an open-source, permissionless and decentralized technology. Benefits of the XRP Ledger include its low-cost ($0.0002 to transact), speed (settling transactions in 3-5 seconds), scalability (1,500 transactions per second) and inherently green attributes (carbon-neutral and energy-efficient). The XRP Ledger also features the first decentralized exchange (DEX) and custom tokenization capabilities built into the protocol. Since 2012, the XRP Ledger has been operating reliably, having closed 70 million ledgers.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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