Amid the rising trading price of the $XRP cryptocurrency, Ripple executive warned people against a new fake $XRP crypto investment scam.
The current trading price of $XRP cryptocurrency is $2.68 and this price is 99.9% higher during the last 7 days of the trading period. This increase in the trading price of this cryptocurrency is mainly due to the bullish sentiments in the cryptocurrency market.
In particular, the trading price of the cryptocurrency $XRP increased more than 4 times in the last 30 days, which in itself is a very large increase in trading price over any of the top 10 cryptocurrencies in the short term.
Most crypto entrepreneurs consider $XRP to be the best investment asset as this cryptocurrency faced a significant drop in the last bull market due to a lawsuit filed by the United States Securities and Exchange Commission (SEC) against Ripple executives for the sale of $1.3 billion in XRP coins. However, that lawsuit is still active, but the legal battle so far clarified that $XRP was not a security token.
XRP cryptocurrency enthusiasts noted that multiple factors are supporting the bullish sentiments for the trading price of this coin. For example, Ripple’s RLUSD stablecoin, Donald Trump to take presidential office in the White House to bring in ProCrypto rules, Crypto-hating SEC Chairman Gary Gensler officially announced his departure from the SEC agency SEC, Potential Changes for Complete End of XRP Lawsuit, Altcoin Season Started, San Francisco-based blockchain company Ripple is reportedly in talks with many big banks to partner and approve XRP ETF products.
$XRP Crypto Scam
Due to the increasing popularity of $XRP cryptocurrency, many scammers are actively spreading fake $XRP investment/giveaway messages on different social media platforms to steal funds from innocent and novice crypto investors.
To raise awareness against these types of crypto scams, the Ripple team released a new video featuring Ripple CEO Brad Garlinghouse and a fake version of him. The fake CEO promotes an XRP giveaway scam, asking users to send 500
The CEO of Ripple urged people to report these scammers without clicking or following any type of link provided by the scammers.
Also read: Brazil follows in the footsteps of the United States and proposes a national Bitcoin reserve
