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XRP Plunges Below $1 After Coreum Bridge Attack

Guavy AI Editorial Team Published August 11, 2026

Instruments

BNB XRP RPL

XRP has fallen below $1 for the first time since November 2024 after losing 200,000 tokens in the Coreum bridge attack.

The price of XRP on Binance reached as low as $0.99 at UTC 14:58, with a deepening sales pressure on the token.

Despite a double-digit increase in XRP options, market attention has shifted to the upcoming Wednesday's US inflation figures.

Ripple's recent approval for the MiCA license and XRPL moves have not been enough to prevent XRP from losing around 46% of its value this year.

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