Crypto Analyst Alleges Binance Manipulation Behind XRP Price Dips
A prominent crypto analyst, known as Pumpius, has stirred the market by asserting that the recent price drops in XRP are not organic market corrections but rather the result of deliberate manipulation by the crypto exchange giant, Binance. According to Pumpius, Binance is actively working to suppress XRP's value to safeguard its long-established liquidity pools, which the digital asset's payment infrastructure capabilities threaten.
Binance Accused of Coordinated XRP Price Suppression
Pumpius points to specific market behaviors as evidence of Binance's alleged tactics. He highlights sudden drops in liquidity, significant waves of sell pressure, and recurring "red flashes" on charts that curiously coincide with positive news or announcements from Ripple. This pattern, the analyst claims, is not mere coincidence but indicative of coordinated efforts to prevent XRP from breaking out. The motivation, he argues, stems from XRP's inherent design as a transparent payment infrastructure, which could expose financial flows that powerful investors and traditional financial institutions prefer to keep hidden, thereby undermining Binance's existing market-making business model.
XRP's Resilient Fundamentals Defy Suppression Efforts
Despite these alleged suppression attempts, Pumpius maintains that XRP's fundamental strength is growing, suggesting that such tactics may ultimately backfire. He emphasizes that XRP is far more than a speculative or "meme" coin; it represents a foundational payment infrastructure. The analyst notes the continuous strengthening of Ripple's ecosystem, citing new payment corridors opening in countries like Japan and the UAE, and innovative projects like the DNA Protocol leveraging the XRP Ledger for anchoring IDs and even genetic data. Each instance of Binance selling XRP, Pumpius contends, inadvertently pushes more of the asset into self-custody, further decentralizing it and making it more resilient to centralized control. Ultimately, the analyst concludes, Binance's "paper games" will become irrelevant as real-world utility drives massive demand, asserting that no amount of market dumping can halt the progress of XRP's "already living rails."
