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As always, results aren’t typical. So don’t be typical; stay bullish!
XRP broke below $1 for the first time since late 2024 — and within days, ripped 22% to flip back above USDC for 5th place globally. This video breaks down what actually happened in between.
On August 9th, a cross-chain bridge linking the XRP Ledger to Coreum was exploited for roughly 200,000 XRP. The headlines said “XRP bridge hacked.” What the bridge operators’ own filing shows is that the XRP Ledger itself was never touched — the flaw was in off-chain relayer software that misread wrapped-token transfers as real deposits. While that headline was spreading, wallets holding a million-plus XRP bought 72 million tokens in a single day, exchange reserves kept draining to multi-year lows, and 13F filings revealed Jane Street, Wells Fargo, Bank of America, and others had already built XRP ETF positions.
Then came the August 19th White House crypto meeting, a Treasury bond buyback announcement, and a $3.3 billion short liquidation cascade that turned into the 22% squeeze. We break down all of it with primary sources, then lay out the three dates that actually matter heading into September: the September 1st escrow unlock, the September 9th Treasury buyback expansion, and the September 15th CLARITY Act cloture vote.
This is not financial advice. Cryptocurrency is highly volatile and carries risk of capital loss. Do your own research.
