RippleX Warns of Rising XRP Scams Amid ETF Speculation
RippleX, the development arm of Ripple, has issued a new warning to XRP holders about a surge in XRP scams amid growing ETF speculation. Security firm Certik reports that crypto fraud losses exceeded $2.1 billion in the first half of 2025.
Scammers are deploying AI-driven deepfake videos, fake livestreams and social media impersonations to lure victims with bogus offers. Typical ploys promise doubled returns – for example, “send 1 XRP and receive 2 XRP” – before draining users’ wallets.
RippleX stresses that official representatives will never request funds, private keys or wallet details during any broadcast or direct message. Users should always verify communications on ripple.com or other official channels.
Traders are advised to avoid unsolicited invitations and links, strengthen security measures by enabling two-factor authentication and use hardware wallets where possible. Heightened vigilance is critical as scam activity often spikes during XRP price rallies.
This latest XRP scams warning highlights the need for robust security practices. Crypto traders should stay alert to phishing threats and market manipulations to protect their assets.
Bearish
The surge in XRP scams and use of AI-driven deepfakes heightens security concerns and erodes trader confidence in the XRP market. In the short term, increased warnings and cautionary measures may suppress trading volume and create downward price pressure. Over the long term, recurring fraud threats could deter new investors and slow adoption, maintaining a negative sentiment around XRP. Thus, the overall impact on XRP is expected to be bearish.