XRP Price: Bridge Hack, Inflation Data, and a Critical $1 Level - Here’s Where Things Stand
TLDR
- XRP is trading near $1.02, up 1.46% in 24 hours, with a $63.80 billion market cap
- The Coreum Bridge was hacked, draining 200,000 XRP — the XRP Ledger itself was not breached
- US CPI came in at 3.4% year-over-year, pushing odds of a September Fed rate hike down to 38%
- Key resistance sits at $1.05–$1.08, with $1.40 being the level needed to confirm a true trend reversal
- A break below $1 could expose $0.90–$0.86, with $0.50 as a deeper support zone
XRP is holding just above the $1 mark after a brief dip to $0.996, recovering to around $1.02. The token is up about 1.46% in the past 24 hours, with daily trading volume near $1.90 billion and a market cap of approximately $63.80 billion.
The recovery comes after a turbulent stretch for XRP. This week, the Coreum Bridge — a cross-chain protocol — was exploited by hackers who drained 200,000 XRP tokens. The attackers targeted a flaw in Coreum’s verification system.
The XRP community was quick to clarify that the XRP Ledger itself was not compromised. The vulnerability was specific to Coreum’s code. Still, bridge hacks tend to dent confidence in blockchain-based infrastructure more broadly.
… Continue reading the full article at the original source below.
