XRP’s Wild Ride: $50M Dump Turns Crypto into a Circus

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Well, butter my biscuit and call me surprised! XRP took a nosedive to $1.46 after a whopping 50 million token sell-off on Upbit, plunging 9% in a day and 29% in a month. Seems like the crypto market’s got a case of the Mondays-every day.

XRP, that plucky little token, got the boot below $1.60 after Upbit decided to host a fire sale. South Korea’s crypto giant flexed its muscles, and XRP ended up face-first in the bargain bin. Selling pressure? More like a selling tornado, ripping through the market like a drunk uncle at a wedding buffet.

The token tumbled to $1.46 faster than a politician’s promises. That recent rebound? Gone. Poof. Like a fart in the wind. XRP’s now back in its short-term downtrend, sulking in the corner like a kid who lost at tic-tac-toe.

$50M XRP Sell Orders Hit Upbit in 15 Hours

Some fella named Dom-sounds like a cowboy with a spreadsheet-shared trading data showing 50 million XRP sold on Upbit in 15 hours. That’s right, 15 hours. Less time than it takes to binge a season of The Great British Bake Off. Upbit, the South Korean crypto behemoth, added more pressure to the market than a mother-in-law at Thanksgiving.

Touched $1.66 and is down -16% since. Once that level was hit, Upbit started pushing mass amounts of sell pressure on the books. -50M net sold at market over the last 15 hours. I’d really love to know what goes on over there, any ideas?

– Dom (@traderview2)

Dom, our trusty analyst, claims wash trading made up less than 0.07% of the activity. “Real spot transactions,” he says. Sure, Dom, just like my uncle’s “real” fishing stories. Anyway, 12,775 trade sizes during the sell-off, with the heaviest flow between 8:00 AM and 12:00 PM KST. That’s 2,500 sell orders per minute-more action than a Black Friday stampede.

XRP Price Drops to $1.46 Amid Broader Market Decline

XRP slipped below $1.60 like a banana peel on a rainy day, landing at $1.46. A 9% drop in 24 hours-ouch. The broader crypto market joined the pity party, shedding 3.13% to sit at $2.34 trillion. XRP, ever the follower, ditched its brief recovery attempt faster than a bad date.

Earlier, XRP had bounced back from $1.40, flirting with $1.60. Traders were all “to the moon!” But then Upbit said, “Not so fast, buddy,” and the selling wave hit like a cold shower. Upward momentum? Gone. Like my faith in humanity after reading the comments section.

Related Reading: Binance Expands RLUSD Support With XRPL Integration

XRP Records Monthly Loss Despite Weekly Gain

Despite a 2.33% weekly gain, XRP’s down 29% over the month. Volatility? More like a rollercoaster designed by a sadist. Price swings have mirrored the market’s uncertainty-like trying to predict what my cat will knock off the counter next.

That brief rebound? Fueled by news of a US government shutdown. Because nothing says “market recovery” like political chaos. But the pullback resumed, and XRP joined the cryfest with its crypto buddies.

At the time of writing, XRP’s trading at $1.46, looking about as cheerful as a tax audit. Traders are glued to exchange flows and market liquidity like it’s the season finale of a soap opera. Upbit and other platforms? Under the microscope. Popcorn not included.

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2026-02-16 18:53