XRP price tests $2.40 support as Ripple co-founder offloads $120M

Crypto News•Tuesday, October 21, 2025 at 6:03:17 AM

XRP's price is currently testing a crucial support level of $2.40, following Ripple co-founder Chris Larsen's significant $120 million token sale. This development has raised concerns among investors, as it may indicate potential volatility in the market. With XRP trading at $2.43, just slightly down from the previous day, traders are watching closely for any major market catalysts that could influence the cryptocurrency's trajectory. This situation is important as it highlights the delicate balance in the crypto market and the impact of large transactions on investor sentiment.

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