Ripple (XRP) News Today July 24th
Main Idea
Ripple's XRP experienced significant price volatility, with a sharp drop following a peak, while Ripple's CEO warned about scams impersonating the company, and the XRPL blockchain achieved a milestone with 7.2 million wallets.
Key Points
1. XRP price peaked at around $3.65, reaching a market capitalization of approximately $207 billion, surpassing companies like Uber and Boeing.
2. A sudden sell-off on Korean exchange Upbit led to a 15% drop in XRP price within hours, resulting in a total loss of around 5%.
3. Ripple CEO Brad Garlinghouse warned about scams on YouTube impersonating Ripple's official account and urged users to verify information sources.
4. XRPL, Ripple's blockchain, achieved a milestone with 7.2 million wallets, indicating strong user growth.
5. Data from CryptoQuant suggested a weakening upward momentum for XRP.
Description
Tremendous volatility, important warnings coming straight from the CEO – Brad Garlinghouse, whales going wild, and more – check out the most important news associated with Ripple (XRP) from the past few days. XRP Price on a Rollercoaster XRP has been the main subject of discussion throughout the past few days. The cryptocurrency went on to chart a fresh all-time high, surpassing its previous peak from 2018. Just a few days ago, it reached a peak of around $3.65. This resulted in a market capital...
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