XRP Faces Systematic Rigging, Major Holder Says | Crypto News
A outstanding XRP holder is asking out what he says is a deliberate and recurring scheme to push the token’s price up before US markets open — then drive it back down once trading begins.
The declare has cut up the XRP neighborhood between those who see a coordinated assault and those who say the data factors to one thing far more routine.
A Chart, A Pattern, And A Name For It
The neighborhood determine at the middle of the talk goes by Arthur online. He posted a historic price chart displaying XRP surging toward key resistance ranges in the hours before US markets open, then rapidly reversing after trading begins.
He counted 9 separate cases of this sequence taking part in out since February, and says the same sample has continued into March.
Arthur didn’t stop at merely flagging the strikes. He hooked up a identify to what he believes is behind them — calling it a doable “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 each episode, makes coincidence an unlikely rationalization.
What provides weight to his frustration, at least from his perspective, is the broader backdrop. Ripple has made headlines just lately with billion-dollar acquisitions and continued ETF inflows.
Yet despite that exercise, XRP stays roughly 40% below its latest highs. Every time the price tries to get away, sellers seem and push it back down. Arthur sees that as half of the same drawback.
Community Pushes Back On Manipulation Theory
Not everybody in the XRP neighborhood purchased the argument. A trader named Robert W entered the dialog and supplied a different read.
His place was that price strikes of this sort have a tendency to repeat across a number of belongings when US market liquidity flows in at the open.
Profit-taking and liquidity shifts, he said, are the more natural rationalization — not a coordinated institutional strategy.
Arthur rejected that outright. He pointed to the precision of the sample: 9 occurrences, each following a period of accumulation with a large build-up of long positions.
Level Of Consistency
That degree of consistency, he insisted, doesn’t occur by accident. He called on a number of well-known voices in the XRP space — including Vincent Van Code, Crypto Eri, BankXRP, Digital Perspectives, and Chad Steingraber — to take a nearer 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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