Market Expert Claims XRP Drop To $1.76 Was ‘Manipulated’
The recent price decline in XRP has sparked discussion among market experts about whether the drop to $1.76 is a natural market reaction or a more intentional event.
Within three hours on February 3, 2025, XRP experienced it Fast drop From $2.57 to $1.76, it fell 31%. However, the rapid recovery of more than $2 that occurred shortly after the decline attracted attention.
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Price changes have been the subject of speculation, with some of them saying external factors rather than organic sales pressures are responsible.
“Yesterday’s actions were manipulated”
Let me explain my thoughts and why I was a little confident in calling within 3 minutes last night (read until the end)
use $ xrp For example
I think yesterday it was the market makers who put Altcoins in trouble while working hard. https://t.co/wow4eb3qae pic.twitter.com/y6ngshrxl8
– dom (@traderview2) February 3, 2025
Market professionals express concerns about manipulation
The exception was found in the first XRP price behavior It is crypto analyst DOM. He noted that the price decline followed a strange trend, and liquidity seemed to disappear during the last lap of the collapse.
He believes market participants may postpone purposefully Buyer liquidityallowing prices to be lowered, and then tactical running of purchase orders at reduced levels to profit from the comeback.
“I don’t want to turn to the plot, but if you think the move is natural, think about it again. It seems to me that it’s just a queue effort, hitting altcoins while filling up your own bid.”
Furthermore, it is worth noting that the decline in XRP does not appear to be isolated. Another market guru Vincent Van Code pointed out in the same period that the price fluctuations of Bitcoin, HBAR and several other cryptocurrencies are quite comparable. This stimulates questions about coordinated market behavior or automatic trading.
Synchronized market movements make the mystery more complicated
Unless there are external factors that positively affect price behavior, several cryptocurrencies will statistically see the same sharp collapse and recovery over the same period.
Although algorithmic trading sometimes creates correlations between assets, experts believe the accuracy of these movements indicates a deeper coordination.
Dom stressed that while panic sales and sudden liquidation may be factors in these declines, the structure and speed of events make it unlikely that natural market forces will be the only factor.
Dom said that if liquidity is indeed eliminated to promote price declines, it is possible to accumulate XRP at discounted prices to accumulate XRP.
“Whether that’s low, these players are big!” said the analyst.
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What does this mean for XRP investors
This event reminds XRP holders volatility Cryptocurrency market. Whale or institutional participants may abuse their powers when prices drop and recover. Investors should be cautious when dealing with unpredictable markets and consider using tools such as stopping loss orders to reduce risk.
XRP then returned more than $2, but the question of whether this was a planned move or a normal market correction is still under debate.
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