Overview
- The token briefly dipped below $1 on Aug. 11 and is trading around $1 after buyers returned, leaving the psychological support level a key short‑term test.
- Large holders added more than 72 million XRP within a 24‑hour span after the dip, increasing concentrated ownership even as spot buying remains thin.
- U.S.‑listed XRP ETFs showed only modest renewed inflows of about $2.25 million driven by Bitwise, while Morgan Stanley disclosed roughly $1 million of XRP exposure across ETFs.
- Coreum operators say a bridge exploit drained roughly 200,000 XRP by using a fake deposit to trigger withdrawals, the bridge was shut down and the FBI was notified, creating renewed operational and security concerns.
- Derivatives open interest has risen sharply by about 83.5 million XRP across Bybit and Binance and three‑month whale inflows to Binance have fallen to near‑2021 lows (~$61 million), leaving liquidation clusters near $1 and the delayed U.S. CLARITY Act vote as the main near‑term catalyst to watch.