XRP Price Stabilizes as Korean Police Arrest Three in Fraudulent Scam

XRP price is trading around $1.08 after slipping over the past 24 hours. Even so, the market stayed relatively steady despite a major fraud case in South Korea. Authorities arrested three suspects linked to a fake XRP staking scheme that stole 3.4 million XRP, worth about 12.3 billion won, from 71 investors. An Interpol Red Notice remains active for a fourth suspect overseas.

The Seoul Metropolitan Police Agency said the group operated the fraudulent website Fxrpntwork.com. It promised monthly returns of 1.5% to 1.8% through blog posts, online articles, and YouTube videos. Investigators tracked the stolen XRP on-chain and froze the suspects’ wallets within three days of receiving the first report. The alleged ringleader was arrested after returning to South Korea, while two accomplices were caught fleeing within the country.

Meanwhile, the case reflects South Korea’s tougher approach toward crypto-related fraud. Investigators continue to pursue scams that target retail investors through fake investment platforms. Authorities have also highlighted blockchain’s transparency, as transaction records helped trace the stolen funds quickly.

Despite the headlines, XRP avoided a sharp selloff and continued trading near recent levels. That suggests traders viewed the incident as an isolated criminal case rather than a network issue. Even so, market sentiment could change if similar enforcement actions increase across the region.

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Can XRP Price Hit $1.20 This Week?

XRP price is trading around $1.08 after breaking below its recent trading range. The token hit an intraday high near $1.09 and found support around $1.05. The narrow trading range points to consolidation rather than a decisive trend, while recent price action shows sellers still hold the upper hand.

Support now sits in the $1.05 to $1.06 zone, where buyers have repeatedly stepped in. Initial resistance has shifted to $1.08, while $1.10 remains the first major barrier. A sustained move above that level could reopen the path toward $1.20, although stronger buying volume would be needed.

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The bull case sees XRP reclaiming $1.10 on convincing volume before attempting a move toward $1.20. The base case remains sideways trading between $1.05 and $1.10 as investors wait for a fresh catalyst. On the downside, losing $1.05 could expose the psychological $1.00 level.

Meanwhile, the South Korean fraud arrests removed a source of negative headlines without affecting the XRP Ledger itself. Traders largely treated the incident as a criminal case rather than a protocol issue. For now, XRP price remains more sensitive to macroeconomic expectations and overall risk appetite than isolated enforcement actions.

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LiquidChain Targets Early Mover Upside as XRP Tests Key Levels

XRP at $1.08 is not a bad place to be long, but the upside math from current levels is incremental. A move to $1.20 is a 11% gain. That’s where early-stage infrastructure plays enter the conversation, not as a replacement for XRP exposure, but as a different risk-return profile entirely.

LiquidChain ($LIQUID) is a Layer 3 infrastructure project positioning itself as the cross-chain liquidity layer. It fuses Bitcoin, Ethereum, and Solana liquidity into a single execution environment.

The core architecture centers on a Unified Liquidity Layer with single-step execution and deploy-once architecture, meaning developers ship once and access all three ecosystems without fragmented bridge risk.

As of today, the presale is priced at $0.01485 with $920K raised.

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