Breaking Crypto News – The Impact of Phishing Scam Warning: XRP Price Stalling at $0.05
Breaking Crypto News – Bulls in Ripple are optimistic at the time of publication, but the price is still moving within a small range. Over the last two days and a week, XRP has been steady. The average trade volume is flat and exceeds $1.1 billion at the same time. A significant breakthrough in either direction is necessary to ignite participation, even in the face of overall confidence. Should that not happen, attitude will still be impacted by wavy prices within $0.05.
On the other hand, there are 2 developments affecting the price. Firstly, it’s already known that up to 805 banks in Japan can use XRP, as Ripple tries to make a name for itself in Southeast Asia. A blockchain startup introduced XRPL-based blockchain solutions in April after partnering with HashKey DX. Secondly, the XRP army is cautioned by David Schwartz to remain alert in the face of phishing scams. Frequently, con artists prey on gullible followers by focusing on influencers such as CTOs.
XRP Price Prediction
Given the shape on the daily chart, XRP/USD appears wavy but negative. It is in the sellers’ favor as long as prices stay between $0.50 and $0.55. A complete reversal of the April 13 losses and $0.66 might occur with any improvement above $0.55, supported by increasing volume.
FAQ
Has XRP Issued Warning in Context of Phishing Scam?
David Schwartz, the CTO of Ripple, tweeted a screenshot of a direct message he received on X lately, sent by X user @3YearLetterman. In his remarks, Schwartz informed the XRP community that if someone were to receive a direct message similar to this, “it is fake.”
What is the XRP Price Right Now?
At the time of writing, XRP is trading at $0.523.
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