XRP Faces Systematic Rigging, Major Holder Says | XRP News

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XRP Faces Systematic Rigging, Major Holder Says | XRP News

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A outstanding XRP holder is looking out what he says is a deliberate and recurring scheme to push the token’s price up earlier than US markets open — then drive it back down as soon as trading begins.

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The declare has break up the XRP neighborhood between those that see a coordinated assault and those that say the information factors to one thing far more routine.

A Chart, A Pattern, And A Name For It

The neighborhood determine on the middle of the talk goes by Arthur online. He posted a historic price chart displaying XRP surging towards key resistance ranges within the hours earlier than US markets open, then shortly reversing after trading begins.

He counted 9 separate cases of this sequence enjoying out since February, and says the identical sample has continued into March.

Arthur didn’t stop at merely flagging the strikes. He connected a identify to what he believes is behind them — calling it a attainable “new Jane Street playbook,” a reference to the well-known quantitative trading firm.

He argued that the sheer quantity of occurrences, mixed with the high quantity of leveraged long positions open during every episode, makes coincidence an unlikely clarification.

What provides weight to his frustration, not less than from his perspective, is the broader backdrop. Ripple has made headlines lately with billion-dollar acquisitions and continued ETF inflows.

Yet regardless of that exercise, XRP stays roughly 40% beneath its current highs. Every time the price tries to interrupt out, sellers seem and push it back down. Arthur sees that as half of the identical drawback.

XRPUSD trading at $1.41 on the 24-hour chart: TradingView

Community Pushes Back On Manipulation Theory

Not everybody within the XRP neighborhood purchased the argument. A trader named Robert W entered the dialog and provided a totally different learn.

His place was that price strikes of this type are likely to repeat throughout a number of belongings when US market liquidity flows in on the open.

Profit-taking and liquidity shifts, he mentioned, are the more natural clarification — not a coordinated institutional strategy.

Arthur rejected that outright. He pointed to the precision of the sample: 9 occurrences, every following a period of accumulation with a giant build-up of long positions.

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Level Of Consistency

That degree of consistency, he insisted, doesn’t occur accidentally. He known as on a number of well-known voices within the XRP space — together with Vincent Van Code, Crypto Eri, BankXRP, Digital Perspectives, and Chad Steingraber — to take a nearer have a look at the chart themselves.

The debate didn’t keep contained to price motion for long. Another participant raised a broader critique of the crypto market, arguing that it runs largely on hypothesis.

Featured image from ECS Payments, chart from TradingView


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CWP (Crypto Work Pro)
CWP (Crypto Work Pro)https://www.cryptoworkpro.net
Hi, I’m a passionate cryptocurrency enthusiast with 10 years of experience in the world of digital currencies. I’ve always been fascinated by blockchain technology and the potential of decentralized finance (DeFi) to reshape the financial landscape. I share insights, tips, and strategies to help others navigate the fast-paced world of crypto.

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