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>>A leading XRP holder alleges the cryptocurrency is being systematically rigged.

A leading XRP holder alleges the cryptocurrency is being systematically rigged.

crypthub

about 22 hours ago

Alleged Manipulation Pattern

A user known as Arthur posted a chart showing XRP spikes toward resistance just before US market open, then falling when trading begins. He identified nine such cycles since February and labeled the behavior a “new Jane Street playbook.” Arthur argues the repeated timing and high‑volume leveraged longs make coincidence unlikely. He links the pattern to XRP’s failure to sustain recent bullish news and acquisitions.

Alternative Explanation

Trader Robert W responded that similar pre‑open spikes occur in many assets due to US liquidity inflows. He suggests the moves are normal profit‑taking and liquidity shifts, not a coordinated scheme. Robert points out that market dynamics at the open often create brief price spikes across the board. He views Arthur’s theory as over‑interpreting routine market behavior.

Community Response and Context

Arthur dismissed the liquidity argument, emphasizing the precise repeatability of nine episodes. He urged prominent XRP influencers to examine the chart for themselves. The debate highlighted broader concerns about speculation driving crypto prices. Despite the controversy, XRP remains roughly 40 % below recent highs despite Ripple’s acquisitions and ETF inflows.