$XRP Crashes Below $1 After Security Breach

The price of the $XRP token has fallen below $1 for the first time since November 2024, according to data from Binance.

At 14:58 UTC, the cryptocurrency reached an intraday low of $0.99, following a decline linked to a security breach on the Coreum cross-chain bridge where 200,000 $XRP tokens were drained.

The incident has triggered heightened activity in the $XRP derivatives market, with futures experiencing a double-digit spike.

This comes ahead of the Consumer Price Index (CPI) release on Wednesday, which will determine whether yields stay elevated or push higher.