Saad Ullah
XRP just got slammed by one of the most aggressive single-exchange sell-offs we've seen in months. While crypto markets are known for their volatility, what happened in the past 24 hours was something else entirely. South Korea's Upbit exchange decided to go nuclear on XRP, creating a selling tsunami that sent the token's price spiraling downward. This wasn't your typical market correction – this was one exchange basically taking control of XRP's entire price action and dragging it into the red.
Upbit Goes on Massive XRP Selling Spree
XRP got absolutely hammered in the past 24 hours, and we can point the finger directly at one culprit: South Korea's Upbit exchange. This crypto platform went on an insane selling spree, dumping 40 million XRP tokens while every other major exchange was basically sitting on their hands.
Upbit's sell-off was bigger than Binance, Coinbase, Bybit, OKX, Kraken, and Bitstamp all put together. That's not just unusual – that's borderline crazy for one exchange to have that much impact on the entire market.
The Numbers Don't Lie
Here's what went down: while other exchanges were showing pretty normal trading activity, Upbit was basically in full dump mode with -40 million XRP in net sales. The price chart tells the whole story – XRP's spot price took a nosedive at exactly the same time Upbit started their massive sell-off.
Someone on X called it perfectly: "Upbit back again slinging absurd size." When one exchange is responsible for this much selling pressure, it usually means either some serious retail panic or something specific happening in that market.
What's Next for XRP?
Right now, XRP is getting beaten up pretty badly and there's no sign of buyers stepping in to stop the bleeding. The big question is whether this was just a one-day panic or if we're seeing the start of something bigger.
Traders are watching to see if XRP can hold its recent support levels, and whether other exchanges start seeing similar sell-offs. If this was just Upbit-specific drama, XRP might bounce back. But if other platforms start dumping too, we could be in for a longer rough patch.
Saad Ullah
