XRP slides below $1.10 as DFAL compliance worries grow and Schwartz downplays front-running risks

XRP was trading around $1.04 and had fallen about 22% over the prior month amid broader market selling pressure, according to one report published June 29. The same article said Ripple CEO Brad Garlinghouse criticized Michael Saylor’s Bitcoin strategy for using leverage, prompting renewed debate in crypto ^[1].

Separately, concerns around Ripple’s compliance with California’s Digital Financial Assets Law (DFAL) were highlighted as the law is set to take effect July 1, while XRP was reported to have fallen below $1.10 amid investor demand for clarity. The report cited public records indicating no Ripple entity among current applicants, raising questions ahead of the deadline ^[2].

On network security, David Schwartz—Ripple’s former CTO—said the risk of front-running (including sandwich-type attacks) on the XRP Ledger is “real” but “overstated,” according to coverage of his remarks. The debate focuses on how DEX design, transaction ordering, and user protection can affect outcomes across crypto ^[3].

Another report pointed to “inflow” activity for XRP spot exchange-traded funds, citing $22.99 million in purchases through June 26 and describing this as the strongest weekly total in June. It contrasted that with ongoing net outflows from Bitcoin ETFs, while noting the broader divergence between XRP and BTC fund flows during the period discussed ^[4].

Overall reporting on June 29 centered on XRP’s recent weakness, regulatory timing around California’s DFAL, ongoing discussion about XRP Ledger front-running risk, and relative ETF flow patterns versus Bitcoin ^{[1] [2] [3] [4]}.