XRP Faces $5 Billion Selling Pressure on South Korean Exchange Upbit

A recent analyst report has identified a massive $5 billion selling flow for XRP on the South Korean cryptocurrency exchange Upbit. This significant selling pressure comes as the digital asset continues to struggle with a persistent downtrend in the global markets. Over the past year, XRP's price has declined by approximately 44%, highlighting a period of sustained bearish momentum and weakened investor sentiment. As Upbit is a major hub for XRP trading volume, such large-scale liquidations exert substantial downward pressure on the asset's market price. Analysts suggest that this massive exit of liquidity could lead to further price depreciation in the short term. Investors remain cautious as the market attempts to absorb these significant selling flows amidst broader volatility in the altcoin sector.