XRP's price dropped 9% after a massive sell-off of 50 million tokens on South Korea's Upbit exchange. The sell-off, which occurred over a volatile 15-hour period, was largely genuine, with only 0.07% attributed to wash trading. This sudden wave of selling pressure reversed XRP's brief upward trend, pushing its price back to around $1.4. The trading activity was concentrated between 8:00 AM and 12:00 PM KST, with Upbit handling approximately 2,500 sell orders per minute. The sell-off, driven by both retail and institutional traders, intensified the overall crypto market downturn, which saw a 3.13% decline, reducing the total market cap to $2.34 trillion. XRP has experienced a 29% decline over the past month, reflecting its ongoing struggle in a volatile market.