XRP News Today: XRP Falls 10.34% on Upbit Sell-Off $89.68M in Leveraged Positions Wiped as Insider Sells $344M

XRP, the digital asset issued by Ripple Labs, experienced a sharp 10.34% price decline on July 24, 2025, driven by a significant sell-off on the Upbit exchange. The drop, which erased over $89.68 million in leveraged trading positions, was attributed to intensified selling pressure, with 75 million XRP transacted in a single day amid trading volumes surpassing 175 million XRP [1]. Analysts noted parallels to historical market downturns, such as the 2018 "crypto winter" and the FTX collapse, though the current episode lacked comparable structural risks. Ripple co-founder Chris Larsen compounded market unease by offloading $344 million in XRP holdings this year, while CEO Brad Garlinghouse focused his remarks on scam warnings rather than commenting on the recent volatility [1].

The sell-off sparked debates within the XRP community, with some observers citing historical patterns as a sign of eventual stabilization. Technical analysts observed a potential rebound after the dip, with the asset testing key resistance levels following its brief retreat below $3. However, the absence of direct links between insider transactions and the price drop in available data left the cause open to interpretation [2]. The broader market context, including anticipated Federal Reserve rate cuts in 2026, further complicated assessments of XRP’s trajectory. Traders analyzed Bitcoin-Yen pairs for insights into risk appetite, while liquidity shifts ahead of policy adjustments remained a focal point [2].

Ripple’s ongoing legal battles continue to cast uncertainty over XRP’s future, with analysts emphasizing that current volatility lacks fundamental infrastructure risks seen in past crises. The firm’s leadership has drawn mixed reactions, as Larsen’s sales activities contrast with Garlinghouse’s public emphasis on scam prevention. While the selloff did not trigger systemic concerns, the interplay of macroeconomic expectations and corporate governance actions underscores the asset’s susceptibility to both speculative trading and regulatory developments [3].

Sources:

[1] [XRP Faces 10% Dip Amidst Insider Sales](https://coinmarketcap.com/community/articles/68832dc48708453433dcee24/)

[2] [XRP Price Crashes 10%; Focus on Bitcoin-Yen's 'Descending Triangle' as Fed Rate Cut Bets Rise](https://ca.finance.yahoo.com/quote/BEER36413-USD/news/)

[3] [XRP Rebounds From Nearly $3 After 10% Drop, Signals Possible Bottom](https://uk.finance.yahoo.com/quote/DUO20312-USD/news/)