Ripple executive chairman Chris Larsen moved 26 million XRP valued at $26 million to cryptocurrency exchange Coinbase this week. This transaction occurs as XRP approaches its all-time high of $3.40 set in 2018, fueling market speculation about executive-level positioning and institutional strategy.
The transfer forms part of a broader pattern involving over 106 million XRP ($344 million) shifted to exchanges since early 2025. This activity coincides with heightened anticipation for the imminent launch of the ProShares XRP Futures ETF, expected to enhance market liquidity and investment inflows.
XRP futures markets reflect surging investor interest with open interest reaching $9.98 billion. Market observers are scrutinizing major holdings movements for potential influence on the asset’s trajectory amid bullish accumulation trends and ETF-driven optimism.
While institutional participation and ETF prospects bolster XRP’s upward momentum, analysts caution about persistent market sensitivity to large transactions as the cryptocurrency tests key resistance levels near historic price points.