XRP
XRP Briefly Dips Below $1 Following Cross-Chain Bridge Exploit
XRP traded below $1 for the first time in nearly two years after a cross-chain bridge exploit, amid a broader crypto market downturn led by Bitcoin's 2.7% weekly decline.
XRP briefly traded below $1 for the first time in nearly two years following a cross-chain bridge exploit, as the altcoin joined broader market weakness. The move came during a week in which Bitcoin fell 2.7% to close near $63,000, failing to gain traction from an in-line July inflation print that ultimately disappointed expectations for near-term rate cuts. The total crypto market cap held near $2.19 trillion as sentiment remained subdued and trading volumes reached three-year lows.
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