XRP Drops 16% as 50M Tokens Hit the Market

 Key Insights:

• XRP declined 16% after 50 million tokens were sold at market within 15 hours.
• Upbit recorded nearly negative 50 million XRP in cumulative sell flow during drop.
• Analysts watch $1.405 support as next downside test zone for XRP.

XRP fell 16% after reaching $1.66, as heavy selling entered the spot market. The token now trades at $1.47, down 11.3% in the past 24 hours. Daily trading volume stands at $4.41 billion. Over the past seven days, XRP still holds a 2.24% gain.

Data shows that about 50 million XRP were sold at market during the last 15 hours. The selling followed the move to $1.66. A trader posted that “-50M $XRP net sold at market over the last 15 hours” once that level was reached.

Upbit Records Sharp CVD Drop

The XRP Spot Cumulative Volume Delta chart shows a clear split between exchanges. Binance, Coinbase, Bybit, OKX, Kraken, and Bitstamp show flat or slightly negative flows. Upbit shows a steady and deep decline.

Upbit’s cumulative delta moved toward negative 50 million XRP during the selloff. This pattern shows consistent market selling, with sell orders hitting bids over several hours. The timing matches the drop from $1.66.

Other exchanges did not record similar selling pressure during the same period. The data suggests that most of the aggressive flow came from one venue. Cross-exchange trading likely carried that pressure into the broader market.

$1.405 Becomes Key Support

On the 30-minute chart, XRP shows a clear rejection after the recent high. An analyst noted that “the pullback is quite sharp” and said an extended wave (B) or wave (2) is more likely. The same post warned that price may retest lower support unless it holds above $1.405.

The $1.405 level aligns with the 78.6% Fibonacci retracement. A break below this area could open the path toward the $1.31 to $1.26 zone. If price stabilizes above $1.405, buyers may attempt another move toward $1.49 and $1.60.

Short-Term Focus Remains on Flow and Support

XRP trades below its recent high as traders watch order flow and support levels. The recent decline followed concentrated selling activity after the $1.66 peak.

As of then, price action centers on whether $1.405 holds. Exchange flow data and short-term chart levels remain in focus as the market reacts to the recent sell wave.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.