Ripple's XRP is struggling to regain momentum, stuck in a tug-of-war around the $1.04 level as a mix of U.S. policy uncertainty and sustained 'ETF outflows' weighs on near-term sentiment. Despite a sharp jump in trading activity, price action remains fragile—underscoring concerns that selling pressure is still dominating flows.
Fake XRP airdrops, reward scanners, and phishing campaigns are targeting investors, prompting the XRP Ledger Foundation and RippleX to issue security warnings on X. The alerts highlight impersonation accounts, fraudulent promotions, and wallet traps designed to obtain sensitive information or trick investors into unsafe actions.
XRP has taken another step into decentralized finance after institutional DeFi platform Sentora enabled FXRP as collateral for borrowing RLUSD through its Ethereum-based lending vault.
XRP price remains under pressure on the daily chart, but recent trading activity suggests bearish momentum may be gradually weakening. The cryptocurrency continues to consolidate in a tightening range above the crucial $1 support level, indicating that sellers are struggling to extend the decline even as buyers remain cautious.
XRP holders can now use FXRP to borrow RLUSD through Sentora's reported $280 million vault on Ethereum. The integration expands XRP's role in decentralized finance while allowing holders to access liquidity without selling their underlying tokens. XRP Enters a Major Ethereum Lending Vault Institutional decentralized finance (DeFi) platform Sentora announced on Aug.
Bitwise recorded a $3.58 million reduction in its XRP holdings this Thursday, August 6, 2026. The XRP token is trading around $1.04 after pulling back to support levels not seen in weeks. The investment firm had maintained a consistent accumulation trajectory for XRP since launching its exchange-traded funds late last year.
Uphold's new Exa Visa Card lets eligible XRP holders borrow against their crypto, unlocking everyday spending power without selling their XRP.
On-chain data shows big holders quietly buying XRP near $1, yet the daily chart is still trapped below a death cross.
XRP Ledger Foundation Warns of Fake Ripple Rewards Scam
XRP exchange wallets flip negative as Coinbase and ByBit outflows grow, while 627 days above $1 and rising XRPL activity fuel breakout hopes.
The ProShares Ultra XRP ETF (UXRP), which seeks to deliver twice the daily performance of the Bloomberg XRP Index, has plunged more than 94% since its debut in July 2025.
Bitwise's XRP ETF reportedly saw a $3.58 million outflow, but filings show redemptions do not prove the manager turned bearish on XRP.