XRP Drops 50% — Traders Shift Focus to Mutuum Finance (MUTM) Presale
XRP has fallen more than 50% since its July high and is trading below $1.50 amid sustained selling, low on‑chain profitability (Spent Output Profit Ratio < 1) and weakening funding rates. Short‑term technicals show multiple sell signals, and analysts warn XRP could test lower levels amid heightened volatility. As traders look beyond XRP for projects with live products, Mutuum Finance (MUTM) — an Ethereum‑based decentralized lending protocol — is highlighted as an alternative. Mutuum’s V1 is live on the Sepolia testnet with lending, mtTokens, borrowing and a liquidator bot available for public testing. MUTM is in a staged presale (Phase 7 price $0.04, Phase 8 $0.045) with a total supply of 4 billion tokens and nearly half allocated to presale; reports indicate ~850M tokens sold so far. Tokenomics include buybacks funded by protocol fees and staking rewards (projected yields cited at 5–10% for some positions). The piece is promotional and framed as a press release; readers are advised to perform independent due diligence before investing.
Bearish
The combined reporting points to clear bearish pressure on XRP: a >50% drop from the July high, trading below the $1.50 support, low on‑chain profitability metrics (SOPR < 1), falling funding rates and short‑term sell signals. Those indicators typically correlate with further downside risk in the short term as leveraged positions unwind and liquidity thins. The mention of traders searching for alternatives (like MUTM) reinforces capital rotation away from XRP, which can amplify selling pressure. In the longer term, XRP’s trajectory will depend on macro crypto market recovery, legal or regulatory developments, and renewed on‑chain demand; absent those, the outlook remains cautious. The MUTM presale news is promotional and describes testnet functionality and tokenomics, which may attract speculative flows but does not materially alter XRP’s fundamentals. For traders: expect elevated volatility and downside risk for XRP in the near term, while speculative interest may shift to early presales like MUTM — increasing idiosyncratic risk in altcoin markets.