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Two prominent cryptocurrency analysts have offered contrasting yet complementary perspectives on XRP’s market dynamics, with one dismissing concerns over large token sales while another projects substantial price appreciation. Their analysis comes as XRP continues to navigate market volatility amid ongoing discussions about whale movements and technical breakout patterns.
Historical Whale Sales Show Limited Market Impact
Crypto analyst Dark Defender recently revisited a significant XRP transaction from December 2020, when former Ripple co-founder Jed McCaleb moved 266 million XRP tokens worth approximately $148 million. Despite initial bearish sentiment surrounding the massive transfer, Dark Defender emphasized that the sale had no lasting negative impact on XRP’s price structure or long-term performance.
The analysis gains particular relevance given current discussions about Ripple co-founder Chris Larsen’s recent $175 million XRP sale. Dark Defender drew parallels between both events, arguing that McCaleb’s retained holdings would now be worth approximately $940 million at current market valuations. This dramatic appreciation underscores XRP’s resilience despite periodic large-scale selling pressure from early stakeholders.
Community reactions varied, with some users questioning whether McCaleb’s transaction constituted an actual sale versus a simple transfer. However, the core argument remained unchallenged: XRP’s market structure demonstrated remarkable stability following what was considered one of the largest individual token movements in the cryptocurrency’s history.
Technical Analysis Points to Multi-Year Bullish Structure
Meanwhile, analyst EGRAG Crypto has identified what he describes as a persistent upward formation spanning multiple years, suggesting XRP could reach $30 based on technical chart patterns. His analysis focuses on a two-week timeframe showing XRP’s recovery trajectory from its 2018 peak of $3.80 through its 2020 lows around $0.10.
EGRAG highlights a crucial descending trendline that acted as resistance for several years until XRP’s breakout in late 2024 during the broader market rally following the U.S. election period. Despite a brief pullback at $3.40 in early 2025, the analyst believes this consolidation sets the stage for significant upward momentum.
The technical assessment incorporates Elliott Wave theory and Fibonacci retracement levels to establish three distinct profit-taking zones: $4-$6 based on inverse Fibonacci extensions, $11-$13 following traditional wave patterns, and the ambitious $27-$30 range derived from an alternative wave count beginning with XRP’s March 2020 low.
Strategic Trading Approach Emphasizes Flexibility
Rather than targeting specific exit points, EGRAG advocates for a Dollar Sell Average strategy involving incremental position reduction over time. This approach acknowledges the difficulty of timing market peaks while maximizing profit potential across different price levels.
Also Read: 450M XRP Sold Amid Chris Larsen Wallet Moves — Will $3.21 Breakout Spark Recovery?
The analyst’s methodology reflects broader market maturation, suggesting that XRP’s ecosystem can now absorb major asset movements without structural instability. Combined with Dark Defender’s historical analysis, these perspectives indicate growing confidence in XRP’s fundamental resilience and technical positioning for potential substantial gains ahead.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m the cryptocurrency guy who loves breaking down blockchain complexity into bite-sized nuggets anyone can digest. After spending 5+ years analyzing this space, I’ve got a knack for disentangling crypto conundrums and financial markets.
