XRP News Today: XRP Surges 64% in Two Weeks Amid Upbit's Massive Sell-Off and Price Volatility

XRP, the digital asset associated with Ripple, has recently experienced notable price volatility, reaching a yearly high of $3.66 on July 18, marking a 64% rally over two weeks. This surge, while partly aligned with broader market optimism and easing macroeconomic concerns, has also drawn attention to potential price manipulation, particularly from South Korean exchange Upbit [1]. Analyst Dom, cited in reports by TheCryptoBasic, has highlighted a strong correlation between XRP’s price movements and Upbit’s trading activity [2].

According to Dom, a critical turning point occurred in late July, when XRP’s price reached a peak before rapidly declining in early August. A key factor in this shift, he argues, was a massive sell-off on Upbit, where traders sold a net 40 million XRP within 24 hours—exceeding the combined volume of all other exchanges during the same period [3]. This suggests that the price drop was not solely a result of broader market conditions but may have been significantly influenced by Upbit’s liquidity.

Despite the decline, XRP managed to stabilize and rebound. Dom observed that while other platforms like Binance continued to see outflows, the price found support, in part due to a quiet accumulation of around 15 million XRP on Coinbase. This buying pressure, potentially part of a TWAP strategy, may have contributed to XRP’s gradual recovery back above $3 [4].

Analysts have also noted that XRP’s performance against USD and other assets has shown signs of weakness. After breaking out of a seven-month trading range, the asset failed to sustain the momentum, leading to a retest of previous support levels. Dom described the move as a weak fakeout rather than a full reversal, suggesting that as long as XRP remains above key levels, the bullish case is still intact [5].

The current price action remains highly dependent on whether XRP can reclaim and hold above $3.12. A sustained break above this level could signal a reversal of the downtrend and indicate renewed bullish momentum [6].

While price forecasts from platforms like Gemini suggest XRP could reach $5 by the end of 2025, and some analysts project even higher targets of $7.50, these predictions must be viewed with caution in light of the apparent influence from Upbit [7]. Centralized trading activity on a single platform can distort natural price discovery mechanisms, potentially undermining the decentralized nature of crypto markets [8].

Traders are advised to diversify their exposure across multiple exchanges to mitigate the risk of platform-specific volatility. As discussions around XRP’s market dynamics continue, the crypto community is closely monitoring for any regulatory responses or market corrections that may follow [9].

Source:

[1] CaptainAltcoin. Analyst Reveals Crypto Exchange That May Be Controlling XRP Price. https://captainaltcoin.com/analyst-reveals-crypto-exchange-that-may-be-controlling-xrp-price/

[2] TheCryptobasic. Analyst Uncovers Who Might Be Controlling XRP Price More Than We Think. https://thecryptobasic.com/2025/08/05/analyst-uncovers-who-might-be-controlling-xrp-price-more-than-we-think/

[3] AInvest. XRP News Today: Upbit's XRP Sales Linked to Price Reversal. https://www.ainvest.com/news/xrp-news-today-upbit-xrp-sales-linked-price-reversal-35m-token-draw-2508/

[4] TradingView. XRP Price May Be 'Controlled' By This Market, Says Analyst. https://www.tradingview.com/news/newsbtc:ff077cc9c094b:0-xrp-price-may-be-controlled-by-this-market-says-analyst/

[5] TheCryptobasic. Finance Coach Says to DCA Into XRP for 10 Years to Transform Your Financial Future. https://thecryptobasic.com/2025/08/05/finance-coach-says-to-dca-into-xrp-for-10-years-to-transform-your-financial-future/

[6] Bitcoinist.com. Ripple on the Rise? Gemini Reveals Bold $XRP Price Target. https://bitcoinist.com/gemini-reveals-bold-xrp-price-target-best-wallet-to-benefit/

[7] Cointelegraph. Trade Secrets: XRP to $7.50 if Momentum Sustains. https://cointelegraph.com/magazine/ether-solana-bitcoin-xrp-price-predictions-crypto-traders-trade-secrets-cointelegraph/

[8] TheGlobeandMail. Can XRP Hit $4 by 2026?. https://www.theglobeandmail.com/investing/markets/stocks/C-N/pressreleases/33880402/can-xrp-hit-4-by-2026/