XRP Price Volatility Continues Amid False BlackRock-Backed Fund Report

Cryptocurrency Still Up 30% Over Last Month Despite Fake News-Induced Price Fluctuations

XRP's price spiked by nearly 13% following a false report of a BlackRock-backed XRP fund, before falling again when the report was debunked.
The false report was based on a falsified document found on Delaware's state website for listing investment trusts.
This is the second time in less than a month that a fake announcement has caused a significant price rally in the cryptocurrency market.
Despite the false start, XRP is still up almost 30% over the last 30 days and more than 67% year over year.
Ripple, the company associated with XRP, had a victory against the SEC earlier this year when a judge ruled XRP was not a security in all instances.