XRP Falls Below $1.60 After $50M Upbit Sell-Off

XRP fell to $1.46 after 50M token sell-off on Upbit, with 9% daily drop and 29% monthly decline amid market weakness.

XRP Falls Below $1.60 After $50M Upbit Sell-Off as selling pressure increased on South Korea’s largest exchange.

The token dropped to $1.46 after a wave of spot sales on Upbit. The move erased a recent rebound and pushed XRP back into a short-term downtrend.

$50M XRP Sell Orders Hit Upbit in 15 Hours

Trading data shared by market analyst Dom showed that 50 million XRP were sold on Upbit within 15 hours.

The activity occurred during a brief window and added pressure to the broader crypto market. Upbit is the largest crypto exchange in South Korea by volume.

Dom stated that only 0.07% of the trades were wash trading. He wrote, “Wash trading made up less than 0.07% of the total activity.”

He added that most of the sales appeared to be real spot transactions from retail or institutional traders.

The exchange recorded 12,775 different trade sizes during the selling period. The heaviest flow took place between 8:00 AM and 12:00 PM KST.

During that time, the order book processed about 2,500 sell orders per minute, with trades ranging from 100,000 to 250,000 XRP.

XRP Price Drops to $1.46 Amid Broader Market Decline

The XRP price slipped below $1.60 and reached $1.46 after the sell-off. The token declined 9% in 24 hours. The drop also marked a two-day low for the asset.

The broader crypto market also moved lower during the same period. Total market value fell by 3.13% and stood at $2.34 trillion.

XRP followed the market trend and returned to negative territory after a brief recovery attempt.

Earlier, XRP had rebounded from the $1.40 level and climbed toward $1.60. Some traders expected further gains during that move.

However, the new selling wave reversed the trend and stopped the upward momentum.

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XRP Records Monthly Loss Despite Weekly Gain

Despite a 2.33% gain over the past week, XRP remains down 29% over the last month. The token has faced strong volatility in recent months.

Price swings have reflected wider uncertainty across digital asset markets.

The recent rebound attempt occurred during a short-lived market recovery. That recovery followed news related to a US government shutdown.

However, the market pullback resumed, and XRP declined along with other major cryptocurrencies.

At the time of writing, XRP was trading at $1.46. The asset remained under pressure as traders monitored exchange flows and overall market liquidity.

Market participants continue to track volume trends on Upbit and other major platforms.

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