Important Ripple News and XRP Price Update: August 11
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Despite Bitcoin holding around $64,000, XRP is under heavy selling pressure and is teetering on dipping below $1.00 for the first time in nearly two years, signaling downside risk for token performance and adoption. Spot XRP ETFs were positive this week but a major unresolved issue and an XRP Ledger scam/security update raise protocol risk and could weigh on crypto investor confidence.
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XRP is under a lot of selling pressure at the moment, even though BTC has remained relatively stable at around $64,000. The cross-border altcoin is inches away from dipping below $1.00 for the first time in nearly two years, and we will take a look at what analysts expect from it next.
At the same time, the spot XRP ETFs had a green week, but with a major elephant in the room, while the XRP Ledger issued a worrisome scam update.
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Ripple (XRP) ETFs Record Another Green Week but Fresh Concerns Surface
