cryptocurrency

XRP Faces Systematic Fraud, CEO Says

A prominent XRP owner is calling out what he says is a deliberate and repetitive plan to raise the token’s price before US markets open – and then bring it back down once trading begins.

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The claim has divided the XRP community between those who see a coordinated attack and those who say the data points to something more general.

Chart, Pattern, and Its Name

The public figure at the debate center goes by Arthur on the Internet. He posted a historical price chart showing XRP rising towards key resistance levels in the hours before the US market opened, then retreating immediately after trading began.

He counted nine separate incidents of this sequence since February, and says the same pattern continued in March.

Arthur didn’t just raise the alarm. He attached a name to what he believed was behind them – he called it “the new playbook for Jane Street,” a reference to the well-known brokerage firm.

He pointed out that the large number of events, combined with the high volume of long positions opened during each episode, makes coincidence an unlikely explanation.

Adding weight to his frustration, at least in his view, is a broader background. Ripple recently made headlines for its billion dollar acquisition and ongoing ETF inflows.

Yet despite that activity, XRP remains about 40% below recent highs. Every time the price tries to break out, sellers show up and push it back down. Arthur sees that as part of the same problem.

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

Society Pushes Back on Delusion Theory

Not everyone in the XRP community bought the argument. A trader named Robert W entered the discussion and gave a different reading.

His position was that price movements of this nature tend to repeat themselves in many assets when US market capitalization goes public.

He said the shifts in profit-taking and liquidity are a natural explanation – not a coordinated institutional strategy.

Arthur refused that. He revealed the accuracy of the pattern: nine events, each following a period of accumulation and large formation of long positions.

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Level of Conformity

That level of consistency, he stressed, does not happen by accident. He asked several well-known voices in the XRP area – including Vincent Van Code, Crypto Eri, BankXRP, Digital Perspectives, and Chad Steingraber – to examine the chart themselves.

The debate has not been contained to price action for a long time. Another participant raised a broader criticism of the crypto market, arguing that it operates too much on speculation.

Featured image from ECS Paymentschart from TradingView



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