In a lengthy statement issued via her publicist, the glamour model, 32, concedes she married the cagefighter 'too quickly', but accuses him of being 'fascinated' by his new celebrity status.
The mother-of-three issued a statement after Reid, 35, was photographed moving out of the couple's Surrey home and back to his parents' house in Hampshire, this morning.
The reality TV star admitted the couple had suffered a 'number of difficulties over the past few months', including going through in vitro fertilisation in a bid to have a child together.
Their separation comes a few weeks after they flew to a secret Indian Ocean location for a 'make or break' holiday.
Upon their return to England, the model told followers on her Twitter page that reports about her marriage being in 'crisis' were true.
Price said she and Reid planned to release a joint statement announcing their separation over the weekend, but had been persuaded to wait by her husband, who needed time to think.
But after Reid was photographed teaching her five-year-old son Junior to fight in the gym, Price changed her mind.
She said: 'I had hoped that Alex and I could remain friends but I am not sure if that is possible given events since last Sunday...
'...The intervening period has, however, seen a number of false stories appear and photographs of Alex with my son Junior in the gym which it is absolutely clear were posed for.
'Alex is fully aware that I have sought to remove my children from the public eye now they are of an age to understand and be affected by media coverage of them. I feel incredibly let down that he did this while asking me for more time to discuss our relationship and just hope that the stories circulating that he sold those pictures are not true.'
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