XRP fell below the $1 mark for the first time since Donald Trump’s November 2024 presidential election victory, hitting a low of $0.99. Market data reveals a strongly bearish tilt, with a long-to-short account ratio of 0.8432 and negative CVD on both perpetual contracts and spot markets, indicating dominant selling pressure. A Coreum bridge was exploited through a flaw in its relayer software, resulting in the theft of 199,916 XRP, rather than a vulnerability in the native XRP Ledger. Meanwhile, US-listed XRP products recorded four consecutive months of inflows totaling just over $300 million, signaling sustained institutional demand. XRP currently ranks sixth by market capitalization.
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