XRP has reached a new highlight of $ 3.65, largely driven by a peak in trading activities in South Korea and the United States.
Data of CryptoSlate Show that XRP achieved the top five of the most traded digital assets in the last 24 hours, only chased behind Bitcoin, Ethereum and the Stablecoins USDT and USDC.
XRP registered a total volume of $ 22 billion, and surpassed the combined volume of all top 10 non-stable digital assets outside of Bitcoin and Ethereum.
Coinmarketcap data confirm that this increase was heavily concentrated in South Korea and the US, with XRP that is good for more than a third of the transactions on Upbit, the largest crypto exchange of South Korea.
Meanwhile, in the US, Crypto analyst Dom marked Strong Spot market activity, with remarkable purchasing pressure on large platforms such as Coinbase and Kraken.
Stupid noted:
“We see a clear wave of stores floods in. Unity bias is fully in force – the lower price of XRP makes it psychologically more attractive.”
Coinmarketcap also confirmed that XRP led the trade volume on these American platforms during the same period of his upward market trun.
DeepFake Video surfaces
While the price action of XRP attracts attention, scammers have quickly moved to exploit the moment.
On July 18, a deep food video Circuled on the social media platform X (formerly Twitter) and showed what looked like Ripple CEO Brad Garlinghouse who promotes a fake XRP road giving action.
The video contained a convincing imitation of Garlinghouse, which praised the community for its support in Ripple’s constant legal battle with the American sec. The imitator then promised a 100 million XRP -Airdrop and ordered viewers to visit a fraudulent website.
Ripple’s Chief Technology Officer David Schwartz Snel invalid The video, which labels a scam and warning users that the clip was generated and not affiliated with the company or its leadership. He also insisted on the community to remain vigilant against phishing attacks, which often coincide with market reinforcements.
These diagrams usually attract users with fake deliveries and ask them to introduce sensitive wallet details, leading to theft.
Garlinghouse in particular has often spoken against such tactics. Last year Ripple published an official warning with the CEO to increase consciousness about the growing use of deep fakes and imitation wendel in the crypto industry.