50 Million XRP Dumped in Under 24 Hours, Rebound Falters
Around 50 million XRP changed hands in under 24 hours after the token’s recovery stalled near $1.66 over the weekend, according to on-chain flow watchers. At that level the dump equates to roughly $83 million, and the heavy selling produced a notable uptick in volume and downward pressure on price as traders and algorithms reacted to the abrupt outflow.
The move matters because concentrated sales of this size can drain liquidity and amplify volatility, especially after a failed rebound. Market participants will be watching wallet activity, exchange inflows, and support levels for signs of capitulation or re-accumulation. Short-term traders should expect heightened price swings while longer-term holders monitor whether this is profit-taking from whales or the start of a broader correction.