Don’t Fall for $XRP Scams: Ripple Reveals Tips, Red Flags, and More! - CoinPedia

XRP's meteoric 400% rise has propelled it to the third-largest cryptocurrency by market cap, sparking excitement across the crypto space. However, this surge has also drawn the attention of scammers preying on unsuspecting investors.

Ripple, the company behind XRP, is taking a stand against fraud. In a recent post on X (formerly Twitter), Ripple emphasized that neither the company nor its executives, like Brad Garlinghouse, will ever ask users to send XRP. Ripple urges investors to verify information through official channels and avoid falling for schemes that seem too good to be true.

👀 Why Is XRP a Target?

XRP’s growth, driven by Ripple’s legal victories and rising institutional interest, has made it a prime target for scammers using phishing emails, fake giveaways, and even deep fakes.

Protect Yourself: Key Tips

👉 Verify updates only through official Ripple channels.

👉 Ignore requests for XRP or personal information.

👉 Use secure wallets like Metamask or Coinbase.

👉 Report suspicious activity immediately.

As the crypto market evolves, staying informed and cautious is your best defense against fraud.