XRP Hit by Large Sell Order in Major Crypto Exchange
Ripple, XRP, is tracking lower on Monday, down 2.04% to $1.49 in 24 hours, underperforming a slightly weaker broader market, primarily driven by a concentrated sell-off on a major exchange.
A concentrated sell-off on Upbit, South Korea’s largest exchange, saw roughly $50 million in XRP sold over 15 hours. Data suggests most sales were genuine, not wash trading, creating intense localised selling pressure that halted a recent rebound attempt.
Crypto analysts said the sell action would likely increase short-term selling pressure and contribute to a further drop in XRP’s price. A sale of this size is meaningful even for a large-cap asset like XRP and usually signals a big balance being reduced or moved.
Concentrated selling from a major venue can thin order books, trigger stop losses, and amplify an initial move into a sharper intraday drop.
XRP is one of the larger crypto assets by market cap and trades across many major exchanges, but a $50 million sale is still a significant single flow.
Such a sale usually represents a few things in practice: a large trader liquidating, an exchange treasury adjustment, an institutional client order, or tokens being moved from custody to an order book to be sold.
Because many traders track large exchange inflows and outflows, news of a 50-million-sized move can itself affect expectations and sentiment even before all of the supply is actually sold.
Even for liquid large caps, a single eight-figure order is big enough to matter for short-term price, especially if markets are already nervous or thin.
When a large sell order hits a major exchange, it consumes bids in the order book, pushing the execution price down as it walks through available liquidity.
If other traders see the move, they may add their own sell orders or market makers may widen spreads, which can accelerate the drop and cause slippage beyond what the raw size would imply.
Once price starts to slide, margin traders’ stops and liquidations can cascade, briefly exaggerating the move versus the fundamental impact of 50M in notional selling.
If flows and liquidity normalise quickly, the effect of the 50 million sale is likely to stay as a short-lived volatility event, but repeated large inflows would point to ongoing supply overhang.
While some altcoins posted strong gains—like XRP (+6.32% over 7d) on stablecoin adoption talk and SIREN (+105.54% over 7d) as an AI Agent token—these are isolated, narrative-driven moves.
The broader altcoin market, tracked by categories like Layer 1 (-0.96% 24h) and Binance Ecosystem (-0.92% 24h), underperformed Bitcoin. Money Market Rates Fall, Banks Step Up Cash Lodgment with CBN
