XRP News Today: XRP Plummets 12.22% to $3.04 Amid $175M Transfer and VERT’s $130M Tokenization Project

XRP fell 12.22% to $3.04 on July 24, 2025, amid massive liquidations and heightened market anxiety. The decline, the largest single-day drop of the year, was driven by a combination of factors, including a $175 million XRP transfer by co-founder Chris Larsen and the announcement of a $130 million tokenization project on the XRP Ledger by Brazil-based VERT [1]. Liquidations across major exchanges like Upbit totaled between $89 million and $112 million, with AInvest reporting $89 million in long-position liquidations [3] and CoinGape citing $112 million [4]. The sell-off also triggered broader market turbulence, with Ethereum and Bitcoin experiencing spillover effects as traders scrambled to adjust leveraged positions [5].

The 50 million XRP transfer linked to Larsen intensified fears of oversupply, while VERT’s project raised concerns about competitive pressures within the XRP ecosystem [1]. Phemex noted the event as the largest long squeeze of 2025, characterized by rapid margin calls and forced exits [2]. Over $1 billion in crypto positions were liquidated globally, with Ethereum bearing a significant portion of the losses [5]. The price action reflected heightened sensitivity to institutional movements, as large-volume trades by key stakeholders like Larsen amplified short-term uncertainty.

Ripple’s leadership, including CEO Brad Garlinghouse, remained silent on the price crash despite previous public statements on the SEC lawsuit. Analysts highlighted the convergence of factors behind the volatility: VERT’s project introduced competition for XRP’s utility, while Larsen’s token offload signaled potential skepticism about the asset’s fundamentals [1]. The 12% drop also aligned with broader crypto market weakness, as altcoins like Solana and Dogecoin fell by 8.3% and 13%, respectively [6].

Despite the selloff, some market participants remain optimistic. Arthur Hayes, co-founder of BitMEX, projected XRP could surge 50–100% if regulatory clarity emerges, though this forecast relies on speculative outcomes [3]. Analysts emphasized that XRP’s specific vulnerability stemmed from concentrated on-chain activity and macro-level sentiment, with the token’s price briefly finding support at $3.10 [1]. The $130 million tied to VERT’s project now represents a critical variable for XRP’s future, as the market will closely monitor whether the initiative generates demand or exacerbates supply concerns.

The event underscores the fragility of leveraged positions in crypto markets, where large players or institutional moves can rapidly destabilize liquidity. With nearly 149.8% surging trading volume and $81.7 million in XRP futures liquidations reported within a day [2], the episode highlights the risks of overcrowded long positions and the impact of token supply dynamics.

Sources:

[1] [XRP News Today: XRP Drops 12.22% 105M Longs Liquidated](https://www.ainvest.com/news/xrp-news-today-xrp-drops-12-22-105m-longs-liquidated-vert-tokenization-fails-spark-rally-2507/)

[2] [XRP Plummets 12% in Major Long Squeeze](https://phemex.com/news/article/xrp-plummets-12-in-major-long-squeeze-largest-of-2025_13667)

[3] [XRP News Today: XRP Plunges 12% Founder Sells 175M Tokens](https://www.ainvest.com/news/xrp-news-today-xrp-plunges-12-founder-sells-175m-tokens-sparking-market-volatility-2507/)

[4] [XRP Price Prediction as Crypto Market Crash Triggers Record Long Squeeze](https://coingape.com/markets/xrp-price-prediction-as-crypto-market-crash-triggers-record-long-squeeze-is-bull-run-over/)

[5] [Crypto Market Sees $753 Million in Liquidations](https://www.tipranks.com/news/eric-trump-agrees-ether-should-be-over-8k-as-global-m2-money-soars)

[6] [Bitcoin Price, XRP Drop. Why the Altcoin Rally Is Under Threat](https://www.msn.com/en-us/money/markets/bitcoin-price-xrp-drop-why-the-altcoin-rally-is-under-threat/ar-AA1Jc2c4)