XRP News Today: XRP Falls 3.2% on Inflation Fears While MUTM Attracts $14.6M in Presale

Ripple (XRP) has experienced a recent pullback, with its price currently hovering around $3.13 following a 3.2% decline attributed to heightened inflation data and reduced expectations for near-term interest rate cuts [1]. Analysts suggest this correction is likely a short-term retracement rather than a long-term bearish shift, with expectations that XRP may stabilize and attempt to reclaim the $3.50 level in the coming weeks. Despite the near-term volatility, XRP remains within a familiar trading range that has historically acted as both support and resistance.

Amid this consolidation in XRP, investor attention has increasingly turned to emerging projects with more aggressive growth potential. One such project, Mutuum Finance (MUTM), has attracted significant interest, with analysts suggesting it could see returns as high as 30x from its listing price [1]. Over 15,350 investors have participated in MUTM’s presale, raising more than $14.6 million to date. The project is currently in Stage 6 of its presale, with tokens priced at $0.035, and the price is set to increase by 14.29% in the next stage to $0.04.

Mutuum Finance is a decentralized lending protocol that aims to provide a secure, transparent, and customer-focused DeFi experience. The project has already undergone a full security audit by CertiK and is now launching a $50,000 bug bounty program to further strengthen its platform. This initiative is part of a broader strategy to build a community-driven, secure, and sustainable ecosystem [1]. In addition, the project is hosting a $100,000 giveaway, with 10 users set to receive $10,000 in MUTM tokens, further incentivizing early adoption.

While some of the growth projections for MUTM are speculative and based on analyst forecasts, the project’s rapid progress and investor participation suggest strong market interest. However, as with all newly listed tokens, potential investors are cautioned to carefully assess the risks and understand that such high-return projections do not guarantee actual outcomes [1].

Source: [1] Bearish Case For Bitcoin: Analyst Warns Macro Top Is In (https://www.mitrade.com/insights/news/live-news/article-3-1046221-20250818)