XRP experienced a sharp price decline of over 10% on July 24, 2025, mainly driven by a large sell-off on the Upbit exchange.
Reasons Behind XRP's Price Drop
XRP saw a significant decline, dropping 10.34% due to a sale of 75 million tokens on Upbit. Trading volumes spiked to over 175 million XRP amidst intense selling pressure.
Ripple's Reaction to Market Volatility
Ripple co-founder Chris Larsen sold over $344 million in XRP this year, causing unease in the market. CEO Brad Garlinghouse warned about scam activities but did not specifically comment on recent price fluctuations. He emphasized: CITE_W_A "Scams and fake giveaways are on the rise. Ripple will never ask you to send us funds or provide your private keys. Always verify information from our official channels."
Future of XRP and Community Reactions
The coin's decline led to significant losses for leveraged traders, totaling $89.68 million. Some community members point to historical patterns as a reassuring sign despite the turmoil. Analysts compare this episode to previous major drawdowns in 2018 and the FTX collapse, yet do not see the same magnitude of structural risk. Ongoing legal battles for Ripple are significant uncertainties impacting XRP's future.
The sector remains cautious, weighing XRP's potential against ongoing skepticism derived from leadership actions.
