Crypto Chaos: Upbit’s XRP Move Sets Off a Panic Party!

by

TL;DR

  • Upbit decides it’s time for a fire sale, unloading 75M XRP and sending prices tumbling down to $3.05. 🎢
  • Big fish 🐋 are still hungry, scooping up 280M XRP over recent weeks like it’s a buffet.
  • XRP sees an astonishing $14.2B in trading volume as everyone crosses fingers and hopes for a $15 miracle, provided the $3 support doesn’t collapse. 🤞

Large Sell Order Triggers Sharp Drop

XRP’s price plummeted by over 15% in the past 24 hours, nosediving to a chilling $3.05 after Upbit unleashed more than 75 million XRP onto the market—because why not create a little chaos? A crypto analyst named Dom out there connecting dots like a mad scientist, claims the order books were looking emptier than a politician’s promises. 📉

Looks like Upbit chose violence today on $XRP.

Over 75 million $XRP sold off in the last 24 hours like it was last year’s model!

Guess we’re calling it the Pump AND Dump, brought to you by your friendly neighborhood Upbit…

With enough empty order books to make a ghost town look populated, the price didn’t stand a chance.

Hit some bids around $3, which I…

— Dom (@traderview2) July 23, 2025

And what a fall it was, following a week where XRP had elegantly pirouetted above $3.65. Just as it began to feel empowered, a sudden sell-off brought it crashing down to reality—talk about a metaphor for life! 😅

At press time, trading seemed to stabilize around the mystical $3.00 mark, classified as a not-so-mysterious support level. Analysts insist this position could keep XRP’s tenuous grip on its last semblance of structure.

Whale Activity Shows Accumulation Despite Price Dip

While the short-term price trend resembles a sad trombone, the whale wallets are engaging in a feeding frenzy, adding more than 280 million XRP over the past 10 days. Quite the contrast in strategies, don’t you think? 🐋

Whales have bought over 280 million $XRP in just the past 10 days! Who needs a stockpile of gold?

— Ali (@ali_charts) July 23, 2025

This accumulation drill is a classic move during market mood swings. Even though prices have dropped like an amateur hot air balloon pilot, these big players might just be our knight in shiny armor, especially if that $3.00 level holds together like that last slice of pizza at a party! 🍕

Short-Term Pullback After Resistance Rejection

CryptoWZRD’s daily blurb notes that XRP/USD and XRP/BTC are both waving the white flag today. The plummet appears to be linked to Bitcoin flexing its muscles, pulling capital away from altcoins like a high school quarterback stealing the show. 🎓

After flirting with resistance near $3.65, XRP decided, “Nah, not today” and began to retreat. The chart exhibits the creation of a classic retracement pattern; the sacred range of $3.00 to $3.10 now beckons for bulls to come charging back. 🐂

Our weekly analysis suggests that resistance still lingers at the $3.60 and $4.00 checkpoints. A strong rally above those might just breathe life back into our dear XRP. ☀️

Ripple CEO Warns Users About Scam Accounts

In a wise move that could’ve been an episode of a soap opera, Ripple’s CEO felt it necessary to ring the alarm bells about scam accounts pretending to be promotional wizards. The advice? Don’t play with fire unless you’re in a controlled environment. 🛑

XRP is stealing the spotlight with a trading volume hitting a staggering $14.2 billion. Projections are rainbow bright, hinting at a joyful jaunt towards $15 if that $3 support can hold its ground like a loyal puppy! 🐶

Read More

2025-07-24 10:36