- XRP sees a 12% decline, triggering major liquidations and market uncertainty.
- Larsen’s $175M XRP transfer linked to selling pressure.
- Ripple’s leaders remain silent on price crash.
XRP experienced a sharp 12.22% decline to $3.04 on July 24, 2025, leading to significant liquidations across major exchanges like Upbit.
The price drop resulted from a 50M XRP transfer linked to co-founder Chris Larsen, intensifying market fear and impacting broader cryptocurrency sentiment.
The price of XRP dropped 12.22% to $3.04 on July 24, 2025. This sharp decline was triggered by significant liquidations, primarily on Upbit, amounting to $89M–$105M.
Chris Larsen, co-founder of Ripple, transferred $175M worth of 50M XRP, intensifying market concerns. This large transaction coincided with rising fears among investors.
The immediate impact was felt across the cryptocurrency market. Trading volume surged by 149.8%, resulting in $81.7M in XRP futures liquidations within a day.
Other major cryptocurrencies, including ETH and BTC, experienced spillover effects with market-wide deleveraging and increased volatility among investors.
No official comments from Ripple’s leadership addressed these events. Brad Garlinghouse, though previously commenting on the SEC lawsuit, has not remarked on the recent price activity.
“Arthur Hayes projected XRP might surge 50-100% if regulatory clarity emerges, aiming for higher price levels.” – Arthur Hayes, Co-founder, BitMEX
Insights suggest potential rebounds if positive regulatory outcomes or technological shifts occur.
