{"id":562631,"date":"2023-11-27T13:00:21","date_gmt":"2023-11-27T13:00:21","guid":{"rendered":"https:\/\/ktsl888.com\/?p=562631"},"modified":"2024-06-11T14:42:32","modified_gmt":"2024-06-11T14:42:32","slug":"xrp-price-manipulation-market-patterns","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ripple\/xrp-price-manipulation-market-patterns\/","title":{"rendered":"XRP Price Manipulated? Crypto Pundits Alarmed By Market Patterns"},"content":{"rendered":"

The XRP community is abuzz with discussions of potential price manipulation. This debate is fueled by observations from key figures from the XRP army, who are raising concerns over unusual price patterns despite significant developments.<\/p>\n

XRP Price Manipulation: The Initial Spark<\/h2>\n

Edward Farina, XRP Healthcare\u2019s Head of Social Adoption, first brought this issue to light. He pointed out<\/a> that despite Ripple’s consistent flow of positive news and developments over the past year, the price of XRP has remained relatively unmoved.<\/p>\n

Farina compared this stagnancy to the price behaviors of other cryptocurrencies, which he notes often experience price surges on the back of less impactful news.<\/p>\n

His statement via X was unequivocal: “So Ripple has [had] major excellent news for the past 12 months and the price of XRP hasn’t budged an inch. Any useless coin as soon as it has a crappy partnership goes up in price. And you still believe the price of XRP isn’t manipulated?\u201d<\/p>\n

Related Reading: Whales Move $30 Million Worth Of XRP To Exchanges \u2013 Time To Sell?<\/a><\/div>\n

The influencer known as WallStreetBulls added<\/a> to the debate by highlighting recent abrupt changes in the XRP price. He specifically referred to a rapid increase and subsequent decline yesterday, which he alleges was a manipulative pump-and-dump scheme, leading to significant profits for certain players.<\/p>\n

He stated, “[Yesterday\u2019s] rapid pump and dump of XRP, which resulted in a minimum profit of around $5 million for some, highlights the effectiveness of quick market movements and manipulation for substantial gains.” The crypto pundit further alleges a systematic suppression of XRP’s price.<\/p>\n

He pointed to an incident where a rumor about a Blackrock ETP correlated with a sudden rise in the XRP price to $0.75, followed by a drop to $0.58, and then a stabilization at $0.60 to $0.62, NewsBTC reported. He interprets this as evidence of deliberate market manipulation by entities with significant financial resources.<\/p>\n

Related Reading: XRP Price Could Hit $10,000 If It Overtakes SWIFT, Pundit Suggests<\/a><\/div>\n

Previously, in an October 9 post<\/a>, WallStreetBulls had raised similar concerns, suggesting that a small fraction of \u201cwealthy elites\u201d and \u201cmajor bankers\u201d were manipulating the market. He claimed that these groups, known for manipulating markets like gold, are now targeting XRP.<\/p>\n

\u201cThere’s a significant market manipulation underway, and it appears that the 0.01% wealthy elite and major bankers are at the helm of it!\u201d the analyst claimed.<\/p>\n

Despite XRP’s regulatory clarity, especially following a court victory against the SEC, he believes it’s facing undue negative pressure in the market. He also accused several media outlets of launching attacks on XRP, presumably to diminish its value and credibility.<\/p>\n

Dissenting Voices And The Need For Proof<\/h2>\n

It is important to note that not everyone in the XRP community is agreeing with this view. Crypto analyst Jaydee offered a different perspective in October, suggesting that recent price movements were part of a predictable short-term technical correction rather than evidence of manipulation. “Manipulation? Brotha, we knew this short term correction was coming weeks ago? how does he have all these followers,” he remarked<\/a>.<\/p>\n

Moreover, it is crucial to underline that, to date, there is no concrete evidence to substantiate these claims of market manipulation. The inherent volatility of the crypto market leads to price fluctuations, which various factors such as investor sentiment, market trends, and global economic conditions directly influence. As the debate continues, it’s imperative for investors and observers to critically evaluate these claims.<\/p>\n

At press time, XRP traded at $0.6024.<\/p>\n

\"XRP
XRP price falls below the 20-day EMA, 1-day chart | Source: XRPUSD on TradingView.com<\/a><\/figcaption><\/figure>\n
Featured image from Shutterstock, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"

The XRP community is abuzz with discussions of potential price manipulation. This debate is fueled by observations from key figures from the XRP army, who are raising concerns over unusual price patterns despite significant developments. XRP Price Manipulation: The Initial Spark Edward Farina, XRP Healthcare\u2019s Head of Social Adoption, first brought this issue to light. He pointed out that despite Ripple’s consistent flow of positive news and developments over the past year, the price of XRP has remained relatively unmoved. Farina compared this stagnancy to the price behaviors of other cryptocurrencies, which he notes often experience price surges on the back of less impactful news. His statement via X was unequivocal: “So Ripple has [had] major excellent news for the past 12 months and the price of XRP hasn’t budged an inch. Any useless coin as soon as it has a crappy partnership goes up in price. And you still believe the price of XRP isn’t manipulated?\u201d Related Reading: Whales Move $30 Million Worth Of XRP To Exchanges \u2013 Time To Sell? The influencer known as WallStreetBulls added to the debate by highlighting recent abrupt changes in the XRP price. He specifically referred to a rapid increase and subsequent decline yesterday, which he alleges was a manipulative pump-and-dump scheme, leading to significant profits for certain players. He stated, “[Yesterday\u2019s] rapid pump and dump of XRP, which resulted in a minimum profit of around $5 million for some, highlights the effectiveness of quick market movements and manipulation for substantial gains.” The crypto pundit further alleges a systematic suppression of XRP’s price. He pointed to an incident where a rumor about a Blackrock ETP correlated with a sudden rise in the XRP price to $0.75, followed by a drop to $0.58, and then a stabilization at $0.60 to $0.62, NewsBTC reported. He interprets this as evidence of deliberate market manipulation by entities with significant financial resources. Related Reading: XRP Price Could Hit $10,000 If It Overtakes SWIFT, Pundit Suggests Previously, in an October 9 post, WallStreetBulls had raised similar concerns, suggesting that a small fraction of \u201cwealthy elites\u201d and \u201cmajor bankers\u201d were manipulating the market. He claimed that these groups, known for manipulating markets like gold, are now targeting XRP. \u201cThere’s a significant market manipulation underway, and it appears that the 0.01% wealthy elite and major bankers are at the helm of it!\u201d the analyst claimed. Despite XRP’s regulatory clarity, especially following a court victory against the SEC, he believes it’s facing undue negative pressure in the market. He also accused several media outlets of launching attacks on XRP, presumably to diminish its value and credibility. Dissenting Voices And The Need For Proof It is important to note that not everyone in the XRP community is agreeing with this view. Crypto analyst Jaydee offered a different perspective in October, suggesting that recent price movements were part of a predictable short-term technical correction rather than evidence of manipulation. “Manipulation? Brotha, we knew this short term correction was coming weeks ago? how does he have all these followers,” he remarked. Moreover, it is crucial to underline that, to date, there is no concrete evidence to substantiate these claims of market manipulation. The inherent volatility of the crypto market leads to price fluctuations, which various factors such as investor sentiment, market trends, and global economic conditions directly influence. As the debate continues, it’s imperative for investors and observers to critically evaluate these claims. At press time, XRP traded at $0.6024. Featured image from Shutterstock, chart from TradingView.com<\/p>\n","protected":false},"author":571,"featured_media":562632,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[3680,4531,13172,90452,10972],"class_list":["post-562631","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-ripple","tag-xrp","tag-xrp-price","tag-xrp-price-manipulation","tag-xrpusd"],"acf":[],"yoast_head":"\nXRP Price Manipulated? Pundits Alarmed By Market Patterns<\/title>\n<meta name=\"description\" content=\"The XRP community is abuzz with debate about price manipulation. 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Through his extensive work with ktsl888.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone. With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake\u2019s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage. Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control. For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality. As a journalist, Jake\u2019s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies. In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it\u2019s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake\u2019s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time. You can engage with his latest takes on Twitter: @realJakeSimmons.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/realJakeSimmons"],"url":"https:\/\/ktsl888.com\/author\/marcusmisiak\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"XRP Price Manipulated? 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