On July 23, 2025, XRP Crashes 15% to $3.09, marking its worst daily performance since March 3. The sharp drop was triggered by aggressive selling on South Korea’s Upbit exchange, according to bitcoinethereumnews.com. Analyst Dom (@traderview2) reported that Upbit dumped 75 million XRP tokens, with CVD data reflecting a steep -75M XRP decline, while Binance, Coinbase, Kraken, and Bitstamp trading remained neutral, per tradingview.com. This crash reversed Upbit’s earlier price surge on July 12, when 32M XRP buys pushed the price from $2.60 to $3.00, per beincrypto.com. CoinGlass data shows $89.68M in long position liquidations—second only to ETH—further intensifying the fall due to low liquidity, as reported by newsbtc.com. XRP Crashes 15% now ranks among the week’s worst-performing top 100 cryptocurrencies, trailing Celestia, FLOKI, Worldcoin, and Aptos, per CoinGecko. Posts from @traderview2 on X highlight Upbit’s involvement in the “pump AND dump,” suggesting bids around $3 might provide temporary support.
South Korea’s crypto market, led by Upbit, is known for high-volume trading, often driving XRP volatility, per coindesk.com. On July 7, Upbit recorded $1.94B in XRP volume in one hour, per coincentral.com, but global outflows from Binance and Coinbase neutralized earlier gains, per thecryptobasic.com. According to tradingview.com, the July 23 sell-off indicates a change in the mood of Korean consumers, which may be related to profit-taking following XRP’s 43.26% monthly gain. Ripple’s $50M SEC settlement and ETF speculation fueled prior rallies, per dlnews.com, but thin liquidity amplified the crash, per mitrade.com. X posts from @ChadSteingraber suggest large XRP batches on Upbit indicate institutional moves, not retail, potentially linked to Ripple’s ODL (On-Demand Liquidity).
No new regulatory actions directly triggered the sell-off, but XRP’s unregistered securities status with the SEC remains a concern, per tradingview.com. Upbit’s compliance with South Korea’s VASP regulations ensures transparency, per coinmarketcap.com, but its dominance (15.26% of XRP/KRW volume on July 21, per bitcoinethereumnews.com) underscores its market sway. Technically, XRP found support at $3, near the 0.786 Fibonacci level, per newsbtc.com, but faces resistance at $3.50. A break below $2.75 could signal further declines, per tradingview.com. The RSI remains overbought, hinting at a correction, per fxstreet.com. X posts from @Xaif_Crypto note XRP’s dominance on Upbit, with $494M traded on July 20, but warn of volatility.
XRP’s $3.09 price may test $3 support, with $3.50 resistance key, per CoinMarketCap. Investors should avoid chasing dips until Upbit’s order flow stabilizes, trackable via Lookonchain or CoinGlass. Diversify into BTC ($123,091.61) or SOL ($197.50) to hedge altcoin risks, per CoinMarketCap. Monitor Ripple’s X (@Ripple) for airdrop or ETF updates, as Chris Larsen’s $140M XRP transfers to exchanges signal potential sales, per coinbase.com. South Korea’s influence and SEC risks make XRP volatile—verify wallet movements and regulatory news before trading.
