XRP experienced a 12% decline after co-founder Chris Larsen's transfer of 175 million tokens, triggering significant market volatility. Despite this, whale interest remains robust.
Market Reaction to 175 Million XRP Transfer
On July 24, 2025, the XRP market saw heightened volatility when Chris Larsen transferred 175 million XRP, resulting in a 12% price drop. Ripple CEO Brad Garlinghouse warned investors about the increasing risks of scams, stating: "We’re seeing a spike in deepfake scams and fake XRP airdrop offers. Please don’t engage with these bad actors or respond to any unsolicited requests involving XRP transfers."
Impact on Bitcoin and Solana
The sell-off of XRP affected other major altcoins such as Bitcoin and Solana, both of which experienced minor pullbacks. Additionally, the delay in the SEC's crypto ETF approval contributed to cautious market sentiment. Despite these market jitters, XRP remains up 220% year-to-date, which may attract the interest of large investors.
Historical July Trends Affecting XRP Outlook
Historical data indicates that July is generally a positive month for XRP, while August sees an average correction of 12%. Past whale activities have led to temporary price shocks followed by recoveries. Analysts believe that the current market response resembles past patterns, suggesting that such events may mark XRP as a target for long-term investors.
In conclusion, despite the short-term volatilities seen in the XRP market, continued interest from large investors indicates that the cryptocurrency remains appealing for long-term investments.
