Important Ripple News and XRP Price Update: August 11

From ETF movements to XRP Ledger updates, here's the latest in the broader Ripple ecosystem, while the native token fights to stay above $1.00. XRP is under a lot of selling pressure at the moment, even though BTC has remained relatively stable at around $64,000. The cross-border altcoin is inches away from dipping below $1.00 for the first time in nearly two years, and we will take a look at what analysts expect from it next. At the same time, the spot XRP ETFs had a green week, but with a major elephant in the room, while the XRP Ledger issued a worrisome scam update. XRPL Growth and Scam Alert The official X account of the XRP Ledger reposted Token Relations’ chart showing how Ripple’s network has grown since the start of the year in terms of tokenized real-world assets. More precisely, the total value of RWAs on XRPL has skyrocketed by nearly 400% to $4.4 billion. Interestingly, a large portion of that came from a tokenized electricity asset from Argentina’s Justoken called JMWH. It launched on XRPL in mid-January, and its market share on the network has grown to 51%. Separately, the account issued a warning to the entire XRP community last week about new phishing attempts and ...