• Wed. May 22nd, 2024

Cryptocurrency Analysts Warns Traders, Ask Them To Protect Their XRP

Maria Bartiromo

ByMaria Bartiromo

Oct 12, 2023

Latest update on XRP says that a popular cryptocurrency specialist by the name of Wall Street Bulls has taken to his X handle to abruptly issue a dire warning about the security of XRP (Ripple), expressing worries over potential market manipulation by some powerful forces in the finance industry, that could affect the value and security of the digital asset.

This warning is given amid ongoing legal disputes between Ripple Labs and the Securities and Exchange Commission (SEC) of the United States. ToWallStreetBulls made an eye-catching post yesterday, which he started with “Urgent  Alert!” Before revealing that 0.01% of elites and big bankers are working on initiating a major market manipulation soon.

The WallStreetBulls’s warning comes at a time when the future of XRP is on the line. The expert emphasized how the continuing legal battle between Ripple Labs and the SEC has bred uncertainty and given market manipulators an opening.

Expert Gives Reasons For Alarm, Links Problem To Market Manipulation

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While throwing more light on his claim, Wall Street Bulls revealed that a popular financial cabal known to have a history of manipulating global financial assets is trying to suppress the price of XRP. He also added that they had once carried out the same practice with gold. This exposition makes sense among the cryptocurrency community, as it has started revealing why the XRP is still getting negative pressure in the market amid regulatory clarity.

It is being improvised that this may result from a projected narrative by paid agents to reserve the popularity the XRP has garnered recently as a result of Judge Torres’ judgment, which went in their favor. Comments from the online XRP community are linking the slow price movement to the possible market manipulation.

Wall Street Bulls also proposed the likely use of the pump-and-dump method, which involves artificially increasing a cryptocurrency’s price to entice buyers, only to profitably sell off the holdings and leave regular buyers with substantial losses. As of press time, there has not been an official statement from Ripple to this latest development. Ripple Labs has been working to alleviate these worries and keep things open.

Stakeholders Advised To Keep Up With Latest Cryptocurrency Industry Matters

Investors and XRP fans are recommended to keep up with the latest legal developments and exercise caution when it comes to possible market manipulation. WallStreetBulls has advised both XRP traders and investors to hold their assets as long as possible and stay informed on daily trends to stay up-to-date with the latest manipulative tactics these “elites” deploy in carrying out their activities in the industry.

He also advised XRP holders that the token currently has the potential to bear them a substantial profit in the long run thus, should hold tight. Going through the comments from random XRP members, they believe that the token is becoming more profitable now despite the downward trend it is experiencing with the price fluctuation.

Meanwhile, recent analyses from different industry experts have predicted a bullish trend for the XRP despite the current downward market trend. However, data from CoinMarketCap shows that XRP is selling for $0.488781 and trades $791,741,673 in trading volume in the last 24 hours. The coin ranks #5 on CoinMarketCap, after closing at $26,120,949,249 in market capitalization.

Maria Bartiromo

Maria Bartiromo

Maria Bartiromo is a renowned news writer and journalist, celebrated for her insightful reporting and authoritative voice. With a career spanning years, she has established herself as a trusted source of accurate and comprehensive news analysis, keeping readers informed on vital global developments.

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