XRP Falls As Larsen Sells And Evernorth Plans $1B XRP Treasury

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The XRP price dropped 2.6% in the last 24 hours to trade at $2.40 as of 4 a.m. EST on a 14% increase in trading volume to $4.66 billion.

The fall in the Ripple token’s price came after Ripple Labs co-founder Chris Larsen sold 50 million XRP tokens worth close to $120 million.

CHRIS LARSEN MAKING BIG MOVES 🚨
Ripple co founder just shifted 50,000,000 $XRP that’s over $123M to an unknown wallet!
Strategic play? Institutional setup? Something big is coming… 🌊💥 pic.twitter.com/GaNmoeUGct
— XRP Update (@XrpUdate) October 20, 2025

Larsen’s sale, confirmed by on-chain trackers, is his first major transaction since July, fueling debate about whether he expects the coin to fall further in the short term. While some see it as simple portfolio rebalancing, others say the move signals caution from XRP leadership.

There was better news, too, when Evernorth, led by former Ripple executive Asheesh Birla, revealed plans for a SPAC merger that will raise $1 billion to build the largest public XRP treasury.

Evernorth has secured $200 million from big names like SBI Holdings, Pantera Capital, Kraken, and GSR, promising to buy XRP on the open market once the deal closes.

JUST IN: Evernorth, backed by Ripple, plans Nasdaq listing to raise over $1 billion for building the largest publicly traded $XRP treasury – Reuters. pic.twitter.com/KP0IIx3nnN
— Whale Insider (@WhaleInsider) October 20, 2025

XRP On-Chain Reaction: Exchange Inflows and Institutional Moves

On-chain data from CryptoQuant shows Larsen’s wallet sent about $140 million worth of XRP directly to exchanges, with another $35 million moving into fresh wallets. This kind of large outflow usually means possible sell-offs or liquidations, which can cause sudden price drops as traders react.

XRP Exchange Reserve Source: CryptoQuant

Analysts say these exchange inflows are important to watch. Big transfers like Larsen’s are often done for strategic reasons and signal that a major player is either cashing out, reshuffling assets, or preparing for new moves involving XRP.

On the other hand, Evernorth’s SPAC model is designed for institutional accumulation, using lending, yield strategies, and direct market purchases of XRP for its Treasury. These efforts could create steady buying pressure over time, balancing out near-term selling if retail sentiment stays positive.

Evernorth’s public listing plans also power up the XRP ecosystem. If approved, it will trade openly and give institutions new ways to own and manage XRP on a large scale.

XRP Price Analysis: Key Support And Resistance

The XRP price chart for October shows the coin struggling to recover from a quick drop below key support zones. It is trading just above $2.40, with the 50-day Simple Moving Average (SMA) at $2.81 acting as an overhead resistance, and the 200-day SMA at $2.59 now possibly a ceiling if the price tries to bounce up.

XRPUSDT Analysis Source: Tradingview

Short-term support is found near $2.40, but a stronger area sits around $2.00, where buyers last stepped in. The chart shows a major resistance band between $2.80 and $2.59. If the price manages to climb above the moving averages, there is a chance for a move back towards $2.80 or even the $3.00 region, which is a key psychological level for traders.

Right now, technical indicators are mixed. The Relative Strength Index (RSI) reads 39, which is low and suggests the market is oversold. This means a short-term rebound could happen if buyers return. However, sellers are still in control, and the MACD indicator is flat and negative, showing little momentum for an upward push.

If XRP drops below $2.40, a test of the $2.00-$2.05 region is likely. Below $2.00, the next supports are much lower, near $1.25. On the upside, clearing resistance at $2.60 and $2.80 could let the coin price react positively, especially if Evernorth’s open-market purchases begin and more institutions join the move.

For now, the XRP price faces short-term headwinds from Larsen’s sale and nervous sentiment, but growing institutional moves like Evernorth’s $1 billion SPAC could help steady the market and bring new buyers.

If support levels hold, a rebound towards $2.60–$2.80 remains possible in the next few weeks. A decisive break lower, however, could spur a retest of the summer lows.

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