XRP News Today: Ripple Drops Below $3 As Investors Show Interest In New DeFi Social Media Platform

Aug 07 2025 crypto


XRP has been a constant in the crypto universe for quite some time, with praise for its application in cross-border payments and victory in court over the SEC. Yet even traditional tokens are not exempt from investor mood swings. As of now, XRP has dipped below $3 , now selling at $3.10, a decline of 9.92%, though it recorded an astronomical 146.97% increase in day-to-day trading volume to more than $17.19 billion. So what’s going on? Yes, part of the decline can be attributed to profit-taking and market fluctuation, but there’s another trend in play too: investors relocating capital into fresh opportunities, namely, into next-gen DeFi social platforms like DeSoc . What’s Driven XRP’s Decline Despite Ripple’s persistent existence and real-world implementations, XRP has not been immune to overall sell-offs. The recent drop below the psychological $3 level is suspect considering the surge in trading volume, which typically signals either whale activity or bulk redemptions. Analysts suggest the following could be at play: Profit-taking following XRP’s recent rally over $3.30 Soliciting investor interest in more revolutionary altcoins Rotation within the market from old-school tokens to presale-stage ventures FOMO in new spaces such as decentralized identity and DeFi social This is not necessarily terrible news for XRP long-term, but short-term sentiment very much indicates retail and early adopters are searching for the next breakout. DeSoc: The Web3 Social Layer That’s Turning Heads Whereas XRP stumbles under the pressure of price, a new challenger is stepping into the limelight. DeSoc Decentralized Social is becoming the Web3 identity layer, uniting users on social platforms, chains, and communities. It’s a purpose-built project for the post-X (Twitter) world, where decentralized influence, on-chain trust, and creator ownership are more critical than ever. And the stats don’t lie: Raised over $10 million in its current presale SOCS token facilitates governance, staking, and developer functions Massive adoption by developers, influencers, and Web3 creators Cross-platform identity mapping from Web2 to Web3 Reputation rewards, not speculation In a nutshell, DeSoc is social media reimagined for crypto, and interest is high. Why Investors Are Flocking to DeSoc The crypto world is no longer satisfied with passive investment. What they are looking for now is utility, community, and upside potential, and DeSoc delivers all three. Here’s how it’s grabbing attention: Cross-chain social identity on dApps, DAOs, and Web2 Creator economy with reputation-based incentives Developer-friendly APIs for building new dApps and social tools SOCS staking with passive income and governance impact Staggering early traction with over $10M raised For investors who missed out early on Solana or Arbitrum, DeSoc is a do-over, better vision to boot. From XRP to DeSoc: Is This a Strategic Shift? Not only are XRP holders selling, but they’re strategically moving into altcoins with a definite roadmap and strong user base demand. DeSoc is not competing with Ripple’s payment rails, but it’s fixing a larger problem in the crypto ecosystem: Who do you trust online and how do you prove it? By offering portable digital identities that contain social trust and sway, DeSoc becomes infrastructure for Web3, and not just a token. Last Take: Is Time to Diversify? XRP is not going away. But its recent decline shows even top-shelf cryptos need more than hype to sustain the momentum. Conversely, DeSoc is offering something XRP can’t: an entirely new utility layer for the decentralized internet. As the presale continues to gain traction, early investors are locking in before the next wave of growth. If you’re exploring high-utility altcoins and want exposure to the growing DeFi + Social intersection, DeSoc may just be your smartest next move. Discover the future of decentralized social infrastructure with DeSoc. Explore the project and join the SOCS token presale here: Website : https://desoc.space The post XRP News Today: Ripple Drops Below $3 As Investors Show Interest In New DeFi Social Media Platform appeared first on TheCoinrise.com .

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