XRP Slides Below $1.50 After $50M Upbit Sell-Off

Edgen Crypto

·Feb 16 2026, 09:45

Share to

Share to

Copy link

Key Takeaways

A sudden $50 million sell order for XRP on the Upbit exchange halted the token's recovery attempt, pushing its price below the key $1.50 support level. This large-scale dump has introduced significant bearish pressure and raises concerns about near-term price stability.

A single large transaction of $50 million in XRP on the Upbit exchange triggered a sharp price drop on February 16, 2026.
The token's price failed to sustain its upward momentum, falling from the $1.50 level to $1.40 following the sale.
The event has heightened market uncertainty, with investors watching for potential cascading liquidations and further selling pressure across other exchanges.

XRP Price Rejects $1.50 After $50M Upbit Sale

XRP's recent attempt to break out of a bearish trend was decisively cut short on February 16, 2026, by a significant wave of selling pressure originating from the Upbit exchange. A large holder executed a market dump totaling approximately $50 million, causing the token's price to swiftly reverse course. The sell-off dragged XRP from its target of breaking above the $1.50 mark down to the $1.40 level, erasing recent gains.

Large Sell-Off Raises Short-Term Volatility Concerns

The sudden, concentrated sale on a major exchange like Upbit creates immediate downward pressure and signals potential market instability. This type of event can trigger a cascade of automated liquidations and stop-loss orders from other traders, which would amplify the initial price drop. Market participants are now exercising caution, awaiting clarity on whether the seller was a large whale or an institution liquidating its position. The identity of the seller and their motive will likely influence short-term sentiment and XRP's price action.