XRP News Today: XRP Tumbles to 2-Week Low at $2.93 as MUTM Aims for 80x Gain to $3.50

Significant trading activity has pushed XRP downwards sharply, establishing a new two-week low near $2.93. This decline followed a high-volume selloff, with over 169 million units traded within a critical hour. The price dropped from $3.04 to $2.97, with $3.04 confirming as a firm resistance level. The price ultimately settled at $2.93, marking a tentative support level [1]. Analysts indicate that technical indicators currently favor continued bearish control, and the token’s failure to hold above moving averages signals potential further declines [1]. Market sentiment is also influenced by broader geopolitical tensions, adding uncertainty to XRP’s immediate price trajectory [1].

In contrast, Mutuum Finance (MUTM) is demonstrating strong presale momentum. The project has secured over 14,100,000 in value since the presale began, with more than 670 million MUTM tokens already acquired [1]. Currently in Phase 6 of its token offering, MUTM is being sold at $0.035 each, reflecting a 250% increase from the initial Phase 1 price of $0.01. This phase is selling out quickly, with the next phase set to increase the price by 14.3% to $0.04 per token [1]. The structured presale offers clear incentives for early investors, as the token's price is expected to rise significantly following the launch.

Market observers predict substantial appreciation for MUTM post-launch, with conservative estimates targeting $3.50 per token, representing an 80x gain for current Phase 6 investors [1]. This optimism is driven by MUTM’s foundational utility within decentralized finance. The project is developing a dual-lending model, combining Peer-to-Contract (P2C) and Peer-to-Peer (P2P) mechanisms. P2C allows for the tokenization of established assets like BTC and ETH, while P2P facilitates direct lending agreements, offering greater flexibility and yield potential [1].

Mutuum Finance has also prioritized platform integrity, completing a rigorous smart contract audit by CertiK and achieving a 95.00 security score. The project continues to collaborate with CertiK through a Bug Bounty Program, offering $50,000 USDT in rewards for identifying vulnerabilities [1]. Additionally, the project is running a $100,000 MUTM giveaway to encourage community growth. Ten winners will each receive $10,000 worth of tokens, with participation requiring specific quests and a minimum $50 investment during the presale [1]. A new dashboard also tracks the top 50 token holders, offering bonus rewards for long-term holders.

Today’s crypto news highlights a market of contrasting fortunes. XRP faces technical pressure and bearish volume signals, testing investor confidence near $2.93. Meanwhile, MUTM shows strong presale performance, supported by tangible utility and robust security credentials. The current Phase 6 price of $0.035 is expected to rise to $0.04 soon, with the listing price projected at $0.06 and ambitious post-launch forecasts reaching $3.50 [1]. This dual narrative reflects diverging market dynamics and investment opportunities in the evolving cryptocurrency landscape.

Source: [1] Crypto news: XRP falls to 2-week low at $2.93; MUTM eyes 80x rally to $3 (https://invezz.com/news/2025/08/08/crypto-news-xrp-falls-to-2-week-low-at-2-93-mutm-eyes-80x-rally-to-3/)