XRP News Today: XRP drops 15% as Upbit's 75M token sale overwhelms liquidity

A massive sell-off of 75 million XRP tokens on South Korea’s Upbit exchange triggered a 15% price decline in the cryptocurrency, sending it from $3.50 to $3.05 within days. The sudden liquidation, which unfolded between July 16 and July 23, 2025, overwhelmed market liquidity, triggering cascading sell orders and intensifying concerns about the asset’s vulnerability to large-scale trades. Analysts attributed the collapse to the sheer volume of tokens dumped at once, exacerbating thin order-book conditions and amplifying volatility [1]. The event highlighted systemic risks in crypto markets, particularly for assets like XRP, which have lower liquidity compared to Bitcoin or Ethereum. Daily trading volume for XRP surged to $14.2 billion during the selloff, yet the broader market remained largely unaffected [3].

The sale was described as “whale-like” by observers, emphasizing its concentrated nature and the lack of gradual unwinding [2]. Upbit, one of Asia’s largest exchanges, executed the trade without prior communication, drawing scrutiny for its role in triggering panic. While Ripple Labs did not issue statements or take direct action, experts noted that the transaction underscored the influence of institutional players and major exchanges on price stability [5]. The 75M XRP sale represented approximately 0.1% of the token’s total supply—a relatively small share but one with outsized consequences given XRP’s susceptibility to liquidity shocks [4].

Market participants debated the broader implications of the event. Some analysts warned that thin order books could persist as a risk, particularly for tokens with smaller market caps. Others pointed to Ripple’s ongoing legal battles in the U.S. and its partnerships with institutional investors as pre-existing factors that left XRP more exposed to volatility [6]. Meanwhile, technical indicators such as the RSI signaled potential for further corrections unless significant buying pressure emerged [7]. Traders speculated that the dip might create a buying opportunity for long-term investors if Ripple’s legal uncertainties are resolved, but short-term volatility remained a key concern [8].

The incident also reignited discussions about transparency in large crypto transactions. A software development firm unrelated to the sale advised XRP holders to monitor exchange activities closely in the future, emphasizing the need for greater clarity in institutional trading practices [8]. While the immediate aftermath saw XRP trading near $3.05, with the $3.00 support level becoming critical, the event underscored the interconnectedness of global crypto markets and the risks posed by concentrated liquidity events.

Sources:

[1] [AInvest - XRP Plummets 15% as Upbit's 75M XRP Sell-off Crushes Liquidity](https://www.ainvest.com/news/xrp-news-today-xrp-plummets-15-upbit-75m-xrp-sell-crushes-liquidity-analysts-2507/)

[2] [nequi.org - Whale-like XRP Sell-off on Upbit](https://nequi.org/)

[3] [Crypto - Upbit's XRP Move Sparks Panic](https://cryptoadventure.com/upbits-xrp-move-sparks-panic-is-it-behind-ripples-15-dump)

[4] [Times - Software Dev Sends Message to XRP Holders](https://timestabloid.com/software-dev-sends-important-message-to-xrp-holders-amid-price-dump/)

[5] [Stocktwits - XRP Price Crash Analysis](https://stocktwits.com/symbol/BNB.X)

[6] [MSN - XRP Price Prediction: 10% Crash Shakes Investors](https://www.msn.com/en-in/entertainment/bollywood/xrp-price-prediction-today-s-10-crash-shakes-investors-is-something-bigger-unfolding-beneath-the-surface-here-s-what-ripple-s-ceo-urgently-warns/ar-AA1Jd79d)

[7] [Instagram - RSI Breakdown (1H Analysis)](https://www.instagram.com/p/DMd95zfISiu/)

[8] [Leap Digital Investments - XRP Price Prediction](https://leapdigitalinvestments.com.au/)