XRP News Today: Ripple Alerts Users to XRP Fraud as Crypto Faces Volatility from Fed Actions

Ripple, the

token's creator, has issued urgent advisories to investors after a spike in scams targeting XRP owners, while the broader cryptocurrency market continues to face persistent downward pressure. These warnings arrive during a tough macroeconomic period, with waning investor confidence and uncertainty surrounding U.S. interest rates adding to market instability.

The company’s latest Swell event, a prominent gathering in the industry,

, including a $500 million investment round led by Pantera Capital and Brevan Howard. Yet, the event also became a hotspot for fraudulent activity. Ripple impersonating company leaders and advertising fake "XRP doubling" promotions. The company stressed that it never asks users to send tokens and urged the community to stay alert.

Recent figures highlight the ongoing weakness in the crypto sector.

last week, marking a second straight day of losses. XRP’s value has dropped to $2.29, with the token lagging behind and in terms of performance . Experts link the sell-off to larger economic trends, such as a reduced likelihood of a Federal Reserve rate cut in December. , only 45.9% of investors expect a 25-basis-point cut, down from almost 67% the previous week. The Fed’s internal disagreements— —have left markets uncertain.

Ripple’s alerts highlight a persistent issue in the digital asset space. Fraudsters have repeatedly taken advantage of major events to launch phishing attacks,

or manipulated media. The company’s X account made it clear that all such offers are scams, a point executives have reiterated during previous incidents. At the same time, RippleX, the company’s decentralized ledger division, aimed at the XRP community.

In spite of these challenges, Ripple’s strategic initiatives continue to stand out. The company’s valuation has

after the Swell fundraising, and reflect its long-term expansion goals. Still, the crypto market remains unstable. and Trump’s re-election supporting business-friendly policies, investors are still wary, weighing hopes for economic change against ongoing macroeconomic challenges.

With the Fed’s December meeting approaching, the market is preparing for more volatility. The crypto industry’s recovery will likely depend on regulatory developments and how well companies like Ripple can manage an increasingly sophisticated threat environment.