Important Ripple News and XRP Price Update: August 11

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.