XRP slid as low as $0.99, its lowest level since November 2024, as selling pressure dominated both spot and derivatives markets. Data showed worsening cumulative volume delta on Binance perpetual futures and a shift to negative spot CVD on centralized exchanges. Positioning also leaned bearish, with shorts outnumbering longs. The decline coincided with concern over movements from an XRP Ledger account used for the Coreum bridge, though indicators such as spot XRP ETF inflows remained positive.

About 200,000 XRP was stolen from the Coreum cross-chain bridge after an attacker exploited weaknesses in its deposit verification logic, investigators said. The attacker allegedly made fake deposits appear real by moving bridge-issued wrapped tokens between wallets and inserting Coreum transfer details in transaction memos. Relayers checked that transactions occurred and memos existed, but did not confirm deposits reached the bridge address. A quorum of 17 signatures then approved withdrawals, sending XRP from the bridge wallet.