XRP Rally Spurs Increased Scam Risks Amid Retail Interest and Market Volatility, Experts Suggest Possible ETF Impact

Key Points

1. XRP's price surged over 48% in the last month, reaching a high of $3.65, accompanied by a rise in impersonation scams exploiting its popularity.

2. Ripple CEO Brad Garlinghouse warned about scammers hijacking YouTube accounts to promote fraudulent XRP giveaways, leveraging the token's high visibility and trading volume.

3. XRP's holder base, skewed toward less cautious crypto communities, makes it a prime target for sophisticated impersonation schemes.

4. Market sentiment around XRP is increasingly tied to the potential approval of an XRP ETF, with over 64% of users on prediction platforms anticipating its approval before a Litecoin ETF.

5. Despite regulatory scrutiny and scam risks, XRP holders show strong conviction, with some analysts linking price movements to speculative flows rather than fundamental developments.