Chris Larsen, co-founder of Ripple, has transferred $26 million worth of XRP to Coinbase as the cryptocurrency approaches its all-time high. The transaction was revealed through blockchain data, with XRP trading at approximately $3.35, just 2% shy of its previous peak of $3.40 set in 2018. Larsen's recent XRP move involved multiple batches sent to the exchange, coinciding with a market surge that saw XRP values increase by 34% within a week. This spike reflects heightened investor interest, with the open interest in XRP perpetual futures surpassing $10 billion. Analysts gauge a likelihood of XRP reaching $3.50 rather than falling to $2.00 amidst this bullish trend. The company behind XRP continues to navigate a complex regulatory environment while eyeing institutional involvement in crypto markets, as traders heavily speculate on future price movements.

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