XRP News Today: XRP Eyes $10 as Whale Activity Boosts Altcoin Momentum

Crypto markets are entering a pivotal phase in August, with both institutional and retail investors shifting their focus to key altcoins showing strong accumulation trends. Ripple’s XRP has recently displayed technical indicators suggesting a potential move toward the $10 level, with current price action hovering near $3.23 and showing resilience above critical support zones [1]. On-chain metrics indicate that whale investors are actively accumulating XRP, adding to the narrative of a potential breakout, particularly if regulatory tailwinds continue to favor the asset.

Analysts highlight that XRP’s technical structure mirrors patterns seen in Ethereum’s 2020 bull run, offering a potentially similar trajectory if the current momentum is sustained [2]. A 95% probability of XRP ETF approval has further fueled optimism, reinforcing expectations that institutional capital could flow into the asset in the coming months. However, concerns linger as a double top pattern near $3.66 has emerged, raising questions about the sustainability of the recent rally [4].

While XRP remains a focal point for traders, DeFi projects are capturing attention from large whale activity. Among these, Mutuum Finance (MUTM) has emerged as a key player in the decentralized lending space, attracting over 14,700 investors and raising $13.8 million through its ongoing presale [1]. With Phase 6 now live, the token is being sold at $0.035, a 16.17% increase from the previous round, with the next price tier set to jump to $0.04—a 14.29% increase—before the official launch at $0.06 [3]. This pricing mechanism provides early buyers with a projected 71.43% return on investment, contributing to a growing wave of institutional interest.

Mutuum Finance’s dual-lending model—combining Peer-to-Contract and Peer-to-Peer systems—offers a flexible and efficient solution for users. The Peer-to-Contract model leverages self-executing smart contracts to automate lending decisions based on real-time market conditions, while the Peer-to-Peer system removes intermediaries, allowing direct connections between borrowers and lenders. This dual approach aims to enhance liquidity and reduce risk, particularly in volatile markets [1].

To further solidify its position in the DeFi ecosystem, Mutuum Finance has launched a $50,000 bug bounty program to incentivize security researchers to identify and report vulnerabilities across its platform. The initiative categorizes bugs into four severity levels—critical, major, minor, and low—ensuring a comprehensive approach to security [1]. The project has also undergone extensive audits by CertiK, a leading blockchain security firm, reinforcing its commitment to institutional-grade transparency and safety [3].

Looking ahead, Mutuum Finance plans to introduce a USD-pegged stablecoin on the Ethereum blockchain, offering a safer and more stable investment alternative compared to algorithmic stablecoins. This move underscores the project’s broader vision of creating a resilient and scalable DeFi infrastructure.

As the market approaches August, capital is increasingly shifting toward projects with clear use cases and strong institutional backing. While XRP remains a top contender in the altcoin space, the growing whale activity in DeFi tokens like MUTM suggests a broader trend of capital reallocation toward innovative and secure protocols. This shift reflects an evolving market dynamic, where investors are prioritizing quality and scalability over speculative momentum.

Source:

[1] Cryptopolitan, [https://www.cryptopolitan.com/press-release/](https://www.cryptopolitan.com/press-release/)

[2] Instagram, [https://www.instagram.com/p/DMxCrlXRfga/](https://www.instagram.com/p/DMxCrlXRfga/)

[3] Mitrade, [https://www.mitrade.com/au/insights/news/live-news/article-6-1003418-20250801](https://www.mitrade.com/au/insights/news/live-news/article-6-1003418-20250801)

[4] Cryptonews, [https://cryptonews.com/tags/price-prediction/](https://cryptonews.com/tags/price-prediction/)

[5] CryptoDnes.bg, [https://cryptodnes.bg/en/tag/layer-2/](https://cryptodnes.bg/en/tag/layer-2/)

[6] CoinGlass, [https://www.coinglass.com/ru/news/523753](https://www.coinglass.com/ru/news/523753)

[7] KuCoin, [https://www.kucoin.com/news](https://www.kucoin.com/news)