Amid the increasing trade price of $XRP Cryptocurrency, the Ripple executive warned people against a new $XRP fake crypto investment scam.
The current trade price of $XRP Cryptocurrency is $2.68 & this price is 99.9% higher over the last 7 days of the trading period. This increment in the trade price of this Cryptocurrency is mainly devoted to the bull sentiments in the crypto market.
Notably, the trade price of $XRP Cryptocurrency surged more than 4 times in the last 30 days, which is itself a very big increment in the trade price over any top 10 Cryptocurrency in the short term.
The majority of the crypto entrepreneurs are calling $XRP the best investment asset, as this Cryptocurrency faced a significant downfall in the last bull run because of a lawsuit filed by the United States Securities and Exchange Commission (SEC) against Ripple executives over the sale of $1.3 billion worth of XRP coins. However, that lawsuit is still active, but the legal battle so far clarified that $XRP was not a security token.
XRP Cryptocurrency enthusiasts noted that multiple factors are supporting the bull sentiments for the trade price of this coin. For example, Ripple’s RLUSD stablecoin, Donald Trump going to assume presidential office in the white house to bring ProCrypto rules, crypto hater SEC chairman Gary Gensler officially announced his departure from the SEC agency, Potential changes for the complete end of XRP lawsuit, Altcoin season started, San Francisco headquartered blockchain firm Ripple reportedly in talk with many big banks for partnership, approval of XRP ETF products.
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$XRP crypto scam
Because of the increasing popularity of $XRP Cryptocurrency, many scammers are actively spreading fake $XRP investment/giveaway messages across the different-different social media platforms to steal funds from innocent & newbie crypto investors.
To increase awareness against such types of crypto scams, the Ripple team released a new video in which Ripple CEO Brad Garlinghouse and a fake version of him are featured. The fake CEO promotes an XRP giveaway scam, asking users to send 500 XRP with promises to double it, but the real CEO denies this & states that Ripple never asks for any kind of $XRP or crypto wallet details.
Ripple CEO urged people to report such scammers without clicking/following any kind of link provided by scammers.
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