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Is Binance Manipulating XRP Price And Driving The Crash? Analyst Gives Answers
Crypto analyst Pumpius claims that recent drops in XRP's price are not natural but a deliberate effort by Binance to suppress it. He believes Binance views XRP as a threat to its established system, particularly its market-making business. Pumpius points to unusual liquidity drops and sell pressure coinciding with positive Ripple news as evidence of coordination. He asserts that XRP's nature as payment infrastructure, rather than a speculative asset, is the core reason for this targeted suppression. The analyst suggests that powerful investors and legacy financial institutions also see XRP as a threat due to its transparent nature, which could expose hidden money flows. However, Pumpius argues that this suppression could backfire as XRP's fundamentals continue to strengthen. He highlights new payment corridors and innovative uses of the XRP Ledger as indicators of growing utility. Pumpius suggests that Binance's selling is actually leading to more XRP moving into self-custody, decentralizing the asset further. He believes that as utility-driven demand increases, Binance's manipulative tactics will become irrelevant. Ultimately, Pumpius views XRP as the foundation of a new financial order, unstoppable by artificial price suppression.
