- Rapid decline in XRP price linked to insider sales activity.
- Market sees over $89 million in liquidations.
- Community remains divided on XRP’s short-term outlook.
XRP experienced a significant price drop of over 10% on July 24, 2025, primarily driven by a large sell-off on the Upbit exchange.
Analysts indicate volatility mirrors past market dips, yet Ripple leaders have not marked the event as dire.
XRP experienced a sharp fall, with its value dropping 10.34% due to a major sell-off totaling 75 million XRP on Upbit. Trading volumes spiked beyond 175 million XRP amidst intense sell pressure.
Ripple Co-Founder Chris Larsen has contributed to market unease, having sold over $344 million in XRP this year. Brad Garlinghouse issued warnings about scams but did not comment explicitly on recent fluctuations. He emphasized:
“Scams and fake giveaways are on the rise. Ripple will never ask you to send us funds or provide your private keys. Always verify information from our official channels.”
The coin’s descent resulted in significant leveraged trader losses, with $89.68 million liquidated. Some community members highlight historical patterns as a reassuring sign despite the turmoil.
This episode is being compared by analysts to previous major drawdowns, especially the 2018 ‘crypto winter’ and rapid liquidations around the FTX collapse, although without the same magnitude of structural risk.
Financial and regulatory concerns linger, with parallels drawn to previous downturns. The sector remains cautious, balancing XRP’s potential against ongoing skepticism tied to leadership actions.
Ripple’s legal battles are major ongoing uncertainties, impacting XRP’s future. Insights liken current trends to past downturns without fundamental infrastructure risk, suggesting potential future stabilization as market conditions evolve.
