XRP Sees $70 Million Sell-Off in Seconds as Price Struggles to Recover
Analysis
Price Impact
HighA whale deposit of 50m xrp (over $70 million) to bybit exchange is widely perceived as a major sell attempt. this large influx of tokens to an exchange significantly increases selling pressure, especially during an existing market downturn and when xrp is already struggling.
Trustworthiness
HighThe information is based on a verifiable transaction reported by whale alert, a reputable blockchain tracker, and contextualized by a well-known crypto news source (u.today). the interpretation of large transfers to exchanges as potential sell-offs is a common market consensus.
Price Direction
BearishThe substantial transfer of xrp to an exchange, interpreted as a sell signal, indicates increased supply ready for sale. given the ongoing crypto market volatility and xrp's current price struggles (down 2.42% daily), this event is expected to intensify downward pressure and potentially lead to further price depreciation.
Time Effect
ShortWhale deposits of this magnitude to exchanges typically have an immediate and short-term impact on price, as the tokens are often liquidated quickly, leading to a swift price correction or exacerbated bearish momentum.
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Cover image via U.Today Read U.TODAY on Google News 50,000,000 XRP sold in seconds XRP price struggles to recover Advertisement Following the recent crypto market downturn, many investors have lost confidence about the future price prospects of leading cryptocurrencies, including XRP, and they have continued to sell in large quantities. As selling pressure continues to intensify, a recent large XRP transfer has sparked discussions across the crypto market, suggesting that traders are moving with caution amid a broad market sell-off. 50,000,000 XRP sold in seconds On Tuesday, Feb. 10, blockchain tracking platform Whale Alert spotted a huge XRP transfer involving 50,000,000 XRP worth over $70.37 million. HOT Stories Morning Crypto Report: $140,953,609 Bitcoin (BTC) Whale Breaks 2019 Silence, XRP Opens Rare 5% Setup Window, Sam Bankman-Fried Claims 'FTX Was Never Bankrupt' Ripple’s CTO Emeritus Defends XRP Genesis Against Centralization Claims 🚨 🚨 🚨 50,000,000 #XRP (70,378,108 USD) transferred from unknown wallet to #Bybit https://t.co/VW8t5Q2Mgt?from=article-links — Whale Alert (@whale_alert) February 10, 2026 The transfer, which happened in a single transaction, saw an unknown wallet deposit the massive amount of XRP to the leading cryptocurrency exchange, Bybit, in a move perceived to be a major sell attempt. Advertisement Although the intention behind the large XRP transfer remains unclear, market participants have speculated it to be an attempt to sell off the tokens as transactions — often considered a sell signal when the tokens involved are returned to exchanges or trading platforms. XRP price struggles to recover It is important to note that the large XRP deposit has come during broad crypto market volatility, which saw leading cryptocurrencies record massive losses in their prices. Advertisement You Might Also Like Tue, 02/10/2026 - 10:45 This On-Chain Pattern Broke XRP in 2022, And Now It's Back, Says Glassnode By Gamza Khanzadaev Notably, XRP was not an exception as the asset has fallen by more than half of its all-time high, currently hovering around the $1.40 mark while showing a decrease of 2.42% over the past day. As crypto market volatility continues to linger, large deposits of XRP to exchanges, as seen earlier, expose the asset to further downward pressure. Hence, the massive deposit of 50,000,000 XRP to Bybit has sparked concerns among investors about its potential impact on the price of the asset. #XRP #XRP Price Prediction #Bybit