With the price crash of XRP earlier this week, many people Bullish investors in the XRP community It’s a crisis, but many in the community believe this movement is not as random as it seems.
A crypto expert known as Stella Rippler said the recent volatility is more than just a market decline and encouraged XRP holders to withdraw their crypto from centralized exchanges immediately. A warning sign of what’s to come.
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Engineered XRP crash?
stellar repras based on location This is based on the idea that XRP is treated differently behind the scenes than most digital assets. He pointed to past statements by XRP Ledger co-creator David Schwartz in which XRP was described as a type of pre-allocated liquidity for institutional investors, as well as statements suggesting that XRP currently held in escrow could be sold to institutional investors but would not be circulated until an NDA is disclosed.
He also named major financial institutions, including BlackRock, JPMorgan, Bank of America, BRICS, and institutions associated with central banking institutions in the United Arab Emirates, the United Kingdom, and Europe. According to experts, these institutions have all purchased the right to purchase XRP. It is currently held in escrow by Ripple.
As of this writing, there are no public filings What confirms the coordinated purchase of XRP escrow But the argument has been found to be heard favorably among investors who are spooked by the recent selloff.
From that perspective, experts have noted the following sudden downward price movements. Although it has recently fallen to $1.15, Designed. “Organized” means that the price crash serves a strategic purpose by creating an opportunity for large financiers to accumulate XRP at a lower price before the market reprices.
Should XRP be removed from exchanges?
Another part of the warning focused on user experience at major cryptocurrency exchanges. Binance and Coinbase users are reportedly facing difficulties obtaining cryptocurrencies from the exchanges, according to experts. This in itself is a warning for XRP holders to move their cryptocurrencies from crypto exchanges to cold wallets. This message draws on the cryptocurrency conversation around self-control and preserving your holdings on cryptocurrency exchanges.
The desire for one’s own bank is trending again. Every time the price fluctuation becomes unstable. The alarm came as the price of Bitcoin fell below $70,000 and most cryptocurrencies fell. In particular, XRP fell to around $1.15 during the decline before rebounding.
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As of this writing, XRP is trading around $1.42, easing some of the near-term pressure but not completely regaining confidence. When it comes to credibility, the sentiment surrounding XRP on social media is relatively optimistic. data shows XRP is gathering more positive opinions That’s higher than other large assets such as Bitcoin and Ethereum, despite the recent market-wide crash.
Featured image from Unsplash, chart from TradingView
