XRP News: Ripple Co-Founder Chris Larsen’s Wallets Show Renewed Activity Amid Market Movements
May 25, 2026 – By Varinder Singh
In a notable development within the cryptocurrency space, Ripple co-founder and Executive Chairman Chris Larsen’s wallets have exhibited renewed activity after months of dormancy. This movement comes at a pivotal time as the U.S. midterm elections approach, potentially stirring interest from the wider crypto community and investors.
Chris Larsen’s Wallets Record Small but Significant XRP Transfers
On-chain data from XRPScan reveals that Chris Larsen-associated wallet addresses, specifically labeled as chrislarsen (5) and chrislarsen (7), have again seen XRP transfers. Although these transactions involved minuscule amounts — with chrislarsen (5) moving 0.000137 and 0.000001 XRP and chrislarsen (7) recording a 0.000137 XRP inflow — their significance lies in the historic correlation between Larsen’s wallet activity and XRP price volatility.
Additionally, some related subwallets connected to Larsen, now marked as "deleted" on XRPScan, showed slightly larger XRP movements, inviting speculation within market watchers about potential strategic shifts or reorganization of holdings.
Historical Movements and Market Impact
CryptoQuant analytics indicate that Chris Larsen’s wallets have transferred close to 250 million XRP since July 2025. Large portions of these XRP were moved onto crypto exchanges such as Coinbase. Previous transfers to exchanges have often triggered significant liquidations by both whale investors and retail traders, resulting in notable price fluctuations.
The recent wallet activity coincides with Larsen’s publicly disclosed political donations. He has contributed $3.5 million to support Alex Bores, a New York Democrat candidate for the 2026 midterms, and reportedly plans substantial backing for Gavin Newsom in the 2028 presidential race. Ripple and other crypto firms, like Coinbase, have similarly invested millions in political action committees (PACs) ahead of the elections, underscoring the strategic nexus between crypto interests and U.S. politics.
Chris Larsen’s XRP Holdings and Profit Outlook
Current data from CryptoQuant confirms that Larsen remains one of the largest individual XRP holders. His holdings represent a significant portion of the token supply and reflect an unrealized profit estimated at approximately $764.2 million, highlighting the considerable value tied to his XRP stake.
XRP Price Holds Steady Near $1.35 Amid Market Fluctuations
Following a recent crypto market correction that saw XRP price dip to around $1.30, the token rebounded to approximately $1.35. Trading volumes have decreased slightly by nearly 5% within the last 24 hours, signaling a modest cooling of market enthusiasm.
Technical indicators show XRP price operating below the 50-day, 100-day, and 200-day Simple Moving Averages (SMA), while its Relative Strength Index (RSI) climbed marginally to 43.28. This RSI uptick may indicate emerging potential for upward momentum in the near term.
Experts remain optimistic about XRP’s prospects. Some price predictions anticipate a rally to $1.58, particularly with the upcoming launch of 24/7 XRP futures trading on the Chicago Mercantile Exchange (CME) slated for May 29, 2026. ### Derivatives Market Shows Mixed Signals
Data from CoinGlass reveals a mixed landscape in the XRP derivatives market. While total futures open interest on XRP has inched up by 0.20% to $2.86 billion over the past day, futures activity on major platforms such as CME and Binance has experienced slight dips, dropping 0.28% and 0.66%, respectively.
Disclaimer:
This article reflects the author’s personal views based on current market data and conditions. Readers are encouraged to conduct independent research before making investment decisions. Neither the writer nor the publication assumes responsibility for any financial outcomes resulting from the use of this information.
About the Author:
Varinder Singh is a senior independent journalist specializing in Bitcoin, DeFi, blockchain technology, and cryptocurrency markets. With over 12 years of fintech and crypto media experience, he has contributed extensively to leading crypto news platforms and continues to deliver insightful analysis on digital asset trends.
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