XRP News: XRP Price At $1 Following Drain, Moonberg Crypto Presale Sells Out Stage One

The latest XRP news has focused on a bridge exploit that resulted in approximately 200,000 XRP being drained. The incident added even more bearish pressure to the already struggling XRP price chart, which now looks precariously close to slipping below $1. Many traders see this price as an important psychological level of support. The XRP drama did not spill over into the Moonberg crypto presale https://moonberg.com/tokensale, which saw its first $200,000 batch sell out within hours as traders snapped up the available supply of $MBX. The token is expected to provide access to a range of features within Moonberg's crypto trading terminal.

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XRP Price Struggles Around $1 Following Massive Exploit

The XRP chart really did not need any more bad news. The token has been battling to hold above $1, but following the exploit, several price predictions are now preparing for a drop below this level. Such a move could generate further selling pressure, especially from retail traders who are already deep in the red.

The attacker reportedly exploited third-party bridge infrastructure and drained approximately 200,000 XRP. Based on the available account, the incident did not compromise the XRP Ledger itself. However, the distinction may do little to improve short-term sentiment among traders already concerned about XRP's performance.

The broader altcoin market has also struggled, but Ethereum, TRON, and Hyperliquid have performed considerably better than XRP. This trend could continue if news about the exploit strengthens the bearish case for XRP over the short and medium term.

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First Moonberg Presale Batch Sells Out in Hours

Moonberg https://moonberg.com/ is an AI-powered crypto trading terminal designed to unify market research, on-chain analysis, and trade execution. The $MBX token sits at the core of its ecosystem and will unlock premium intelligence, AI computing resources, lower fees, and priority access for holders. It is also expected to play a role in the governance of the trading terminal.

The presale launched on August 1, and its first $200,000 batch sold out within hours. Information available on Etherscan shows that several whale purchases contributed to the rapid sellout. Some traders who previously bought large-cap altcoins such as XRP may have shifted capital into the $MBX presale. It provides early exposure to a utility-focused project whose live terminal can already analyze 53.4 billion data points covering more than 76 million tokens and build no-code AI trading agents.

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Moonberg's Trading Terminal Offers No-Code AI Agents and On-Chain Analysis

The Moonberg terminal is designed to provide a single platform where traders can conduct research, analyze markets, develop strategies, and execute trades. Morpheus allows users to create personalized AI agents using natural-language instructions without writing code. These agents can monitor selected assets and respond when predefined market conditions are met.

Moonberg also analyzes 53.4 billion data points covering more than 76 million tokens. This offers research capabilities similar to Dune without requiring traders to build custom dashboards. Meanwhile, Wallet X-Ray and Sentinel help users assess individual wallets, monitor hwale movements, and identify suspicious activity. These features compete with the wallet intelligence offered by platforms such as Nansen.

Therefore, Moonberg aims to combine tools that traders previously accessed by switching between Nansen, Dune, and TradingView. It also integrates native AI solutions that are increasingly in demand among traders seeking to automate research and execution. The $MBX token will unlock premium intelligence and the computing resources required to operate advanced AI agents. Holders will also benefit from lower fees, priority access, community-built tools, and governance rights.

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Final Thoughts

XRP has, for now, held the $1 support level following the negative news. However, the long-term trend could now have another bearish catalyst, making a drop below $1 increasingly likely. Meanwhile, the $MBX presale has gotten off to a strong start. The first batch sold out within hours as demand for exposure to the trading terminal's ecosystem solidified during the presale's first few days.

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FAQs

Will XRP Fall Below $1?

XRP could fall below $1 if bearish pressure continues and the token fails to defend this psychological support level. The bridge exploit may further weaken short-term sentiment, particularly among retail traders already holding losses.

Was the XRP Ledger Compromised in the Bridge Exploit?

The reported exploit affected third-party bridge infrastructure rather than the XRP Ledger itself. Approximately 200,000 XRP was reportedly drained, but there is no indication that the underlying XRP Ledger was compromised.

Disclaimer:

The information contained in this press release is intended for informational purposes only and does not constitute investment or legal advice. Investing in cryptoassets involves substantial risk and the possibility of losing your entire initial investment. Always seek professional advice and conduct due diligence before investing.

Contact: Barret Jacobs
Website: moonberg.com
Email: pr@moonberg.com
Source: Moonberg
Address: MOONBERG AG, Dammstrasse 16, 6300 Zug, Switzerland

Moonberg is an intelligence layer for AI-native crypto markets, providing over 650,000 community members with one terminal that unifies on-chain data, computed signals, and execution across Solana and Ethereum.

From a single interface, users can research tokens, read signals, and manage non-custodial portfolios all while automating their trading edge.

This release was published on openPR.