The cryptocurrency XRP has experienced a sharp price decline, significantly impacting the market and triggering liquidations on major exchanges.
Sharp Decline in XRP Price
On July 24, 2025, the price of XRP dropped by 12.22%, reaching $3.04. This decline resulted in major liquidations on Upbit exchange, amounting to between $89M and $105M.
Chris Larsen's Transfer
Ripple co-founder Chris Larsen transferred $175M worth of 50M XRP. This large transaction intensified market concerns and affected overall investor sentiment.
Market Impact and Ripple's Silence
The immediate impact from XRP's price drop was felt across the entire cryptocurrency market. Trading volume surged by 149.8%, resulting in $81.7M in XRP futures liquidations within a day. Meanwhile, major cryptocurrencies such as ETH and BTC also experienced volatility. No official comments from Ripple’s leadership addressed these events.
There are projections about potential rebounds for XRP if positive regulatory changes or technological advancements occur.
