XRP Slips Below $1.50 After Upbit Dump; South Korea Records $1.2B in 24‑Hour Volume

XRP fell to about $1.45 ahead of the U.S. Supreme Court ruling on former President Trump’s tariffs, losing roughly 6% in 24 hours as the broader crypto market weakened and total market capitalization declined to around $2.34 trillion; the token had earlier reached $1.67 before profit‑taking erased gains ^[1]. A sudden $50 million sell‑off on Upbit accelerated the pullback, driving XRP below $1.50 and toward $1.40 ^[6].

Regional trading was concentrated in South Korea, where XRP recorded about $1.2 billion in 24‑hour volume on Bithumb and Upbit—outpacing local activity in Tether, Ethereum and Bitcoin (Tether $254.35M; ETH $304.41M; BTC ~ $285M) ^[2].

On the technical side, analysts noted that XRP staged a rebound from a local low near $1.10 but remains inside a descending channel, leaving the broader structure fragile and at a critical decision point for continuation or further rejection of the bounce ^[3]. Separately, Ripple CEO Brad Garlinghouse’s appointment to the CFTC’s Global Markets Advisory Committee corresponded with a price uptick that later pulled back ^[5].

XRP exhibited mixed signals: heavy South Korean flows and regulatory developments supported episodic demand, while short‑term selling—highlighted by the Upbit dump—and technical resistance pushed the price back below $1.50 ^[2][5][6][3].