Join on WhatsApp
Join on Telegram
Casablanca – XRP fell sharply over the weekend after a wave of selling pushed roughly 50 million tokens onto the market in a matter of hours, driving the price down by as much as 16% from its recent high.
The token had climbed to $1.66 before the sell-off began. Within the next 15 hours, heavy market orders sent XRP sliding to around $1.47. Over the past 24 hours, the cryptocurrency has dropped more than 11%.
Despite the decline, it remains slightly higher than it was a week ago. Daily trading volume reached approximately $4.41 billion, reflecting strong activity during the price move.
Market data shows that the bulk of the selling occurred on the South Korea-based exchange Upbit. Trading records indicate nearly 50 million XRP in net sell flow during the period of the drop.
This means that sell orders consistently outpaced buy orders, pushing the price lower as traders accepted lower bids to exit their positions.
Other major exchanges, including Binance, Coinbase, Bybit, OKX, Kraken, and Bitstamp, recorded relatively stable or only slightly negative flows during the same timeframe. The contrast suggests that the sharpest selling pressure was concentrated on a single venue before affecting the broader market.
On shorter time frames, charts show that XRP faced a clear rejection after touching $1.66. Analysts are now monitoring the $1.405 level, which has emerged as an important support area.
If the price holds above that level, it may stabilize in the near term. A break below it could expose lower price zones between $1.31 and $1.26.
The recent move highlights how quickly digital asset prices can shift when large volumes enter the market at once. Concentrated selling, particularly on a major exchange, can ripple through global platforms within hours as traders react and liquidity adjusts.
For now, XRP trades below its recent peak as market participants watch exchange flows and key chart levels closely. The coming sessions are likely to focus on whether buying interest returns near current levels or if selling pressure continues to weigh on the token’s price.
Read also: Thailand Approves Crypto Derivatives and ETFs, Expands Carbon Credit Futures
