Market Expert Claims XRP Drop To $1.76 Was ‘Manipulated’ – Here’s Why
The recent price decline of XRP has sparked a discussion among market experts regarding whether the decrease to $1.76 was a natural market reaction or a more deliberate event. Within three hours on February 3, 2025, XRP experienced a rapid decline from $2.57 to $1.76, a staggering 31% decrease. Nevertheless, the rapid recovery above $2 that occurred shortly after the decline was a cause for concern. The price movement has been the subject of speculation, with some positing that external factors, rather than organic selling pressure, were responsible. “The move yesterday was manipulated” Let me explain my thoughts and why I was somewhat confident to call a low within 3 minutes last night (read until end) Using $XRP for example I think yesterday was a cohort effort of market makers to simultaneously let altcoins fall into… https://t.co/WOW4EB3QAE pic.twitter.com/y6ngsHrxl8 — Dom (@traderview2) February 3, 2025 Market Professionals Express Apprehension Regarding Manipulation Among the first to spot anomalies in XRP’s price behavior was crypto analyst Dom. He noted that the price drop followed an odd trend whereby liquidity seemed to disappear during the last leg of the collapse. He thinks it is possible that market players purposefully delayed buy-side liquidity, allowing the price to collapse and then tactically running purchase orders at reduced levels to profit on the comeback. “I don’t want to resort to conspiracy but if you think that move was “natural”, think again. It simply looks to me like a cohort effort to crash altcoins WHILE filling their own bids,” Dom said on X. Furthermore notable was the fact that the drop in XRP did not seem to be isolated. Another market guru, Vincent Van Code, noted over the same period that Bitcoin, HBAR, and several other cryptocurrencies had quite comparable price swings. This spurred questions about coordinated market behavior or automated trading. XRPUSD trading at $2.50 on the daily chart: TradingView.comThe Mysteries Are Further Complicated By Synchronized Market Movements Unless there are outside factors actively impacting price behavior, there is a statistically little chance that several cryptocurrencies would see the same sharp collapse and recovery in the same time periods. Although algorithmic trading sometimes creates correlation across assets, experts argue that the accuracy of these movements suggests a deeper degree of coordination. Dom emphasized that although panic selling and abrupt liquidations may be factors in these declines, the event’s structure and pace make it unlikely that natural market forces were the only factor. It is possible, Dom said, that market makers are manipulating XRP to accumulate it at discounted prices, if they do indeed remove liquidity to facilitate a price decline. “Whether that was the low or not, these players are UP BIG!,” the analyst said. What This Means For XRP Investors This incident reminds XRP holders of the volatility of cryptocurrency markets. Whales or institutional players may be abusing their power when there are abrupt price drops and recoveries. Investors should employ prudence when dealing with unpredictable markets and consider using tools like stop-loss orders to lower their risks. XRP has subsequently returned beyond $2, but the question of whether this was a planned move or a normal market correction is still up for debate. Featured image from Gemini Imagen, chart from TradingView Christian Encila They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one. Disclaimer: The information found on NewsBTC is for educational purposes only. 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