Pundit Says It’s Time To Get Your XRP Off Crypto Exchanges – Here’s Why Amidst a recent price downturn for XRP, a prominent crypto analyst, known as Stellar Rippler, has issued a stark warning to XRP holders. He suggests that the recent volatility isn't merely a routine market dip but a strategic "engineered" crash designed to benefit large financial institutions. This perspective underscores a critical moment for investors, urging immediate action to safeguard their assets.
Engineered Market Dynamics
Stellar Rippler's analysis posits that XRP is being treated uniquely by significant market players. Citing past remarks from David Schwartz, co-creator of the XRP Ledger, the pundit highlights XRP's role as pre-allocated liquidity for institutional use. This suggests a coordinated effort by major financial entities, including BlackRock, JPMorgan, Bank of America, BRICS-affiliated institutions, and European central banks, to acquire XRP currently held in escrow by Ripple at reduced prices. The recent drop to around $1.15 is seen not as organic market movement, but a calculated maneuver to facilitate this institutional accumulation before a potential market re-pricing.
The Imperative for Self-Custody
Beyond market manipulation, the pundit's alarm extends to the practical challenges faced by users on centralized exchanges. Reports of difficulties with withdrawals and access on platforms like Binance and Coinbase serve as a crucial alert for XRP holders. This reinforces a long-standing crypto mantra: "not your keys, not your coin." The call to move XRP from exchanges to cold wallets advocates for self-custody, empowering investors to maintain full control over their assets and avoid potential liquidity issues or systemic risks associated with centralized platforms, especially during periods of market unrest. Despite the recent price fluctuations, current sentiment surrounding XRP on social media remains notably optimistic. The cryptocurrency is currently trading near $1.42, indicating some recovery from the dip. This positive outlook among retail investors persists even as the market grapples with broader sell-offs affecting other large-cap assets like Bitcoin and Ethereum, suggesting a resilient community confident in XRP's long-term potential.
