$XRP
briefly fell below $1 after the Coreum bridge exploit drained nearly 200,000 $XRP in just 97 minutes.
What’s important here is that the exploit was tied to a flaw in the bridge’s deposit-verification software, not the XRP Ledger itself.
Still, the incident shows how quickly confidence can be affected when cross-chain infrastructure fails.
The $1 level is now an important area for XRP. If buyers can defend it, we could see a recovery. If it breaks decisively, more downside could follow.
For now, I’m watching the $1 level closely.
briefly fell below $1 after the Coreum bridge exploit drained nearly 200,000 $XRP in just 97 minutes.
What’s important here is that the exploit was tied to a flaw in the bridge’s deposit-verification software, not the XRP Ledger itself.
Still, the incident shows how quickly confidence can be affected when cross-chain infrastructure fails.
The $1 level is now an important area for XRP. If buyers can defend it, we could see a recovery. If it breaks decisively, more downside could follow.
For now, I’m watching the $1 level closely.