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…