XRP’s struggle exposes Binance Market Tactical Shadows
Binance has been deliberately accused XRPWith cryptography experts claiming that the exchange is suppressing the price of the token to maintain market control. According to Pumpius, a well -known figure in the cryptocurrency space since 2013, Binance has applied a great sale pressure on XRP to manipulate its value. In a recent thread on X, Pumpius highlighted signs of coordinated sales, sudden drains of liquidity and significant red movements in the price lists, which suggests that these were not natural behaviors of the market, but actions deliberate by Binance. The expert argues that the Binance model is based on career retail merchants, using Wash trade to inflate the volume, manipulating financing rates and tokens discharge in users in users [1].
Pumpius states that XRP represents a unique threat to the Binance business model. Unlike speculative tokens, XRP works as an infrastructure for global payments and settlements. If XRP’s usefulness expands as planned, it could reduce the need for liquidity groups in which Binance and other exchanges have been traditionally based for profit. [1]. Pumpius also pointed out a recurring pattern: every time Ripple advances, as new associations, regulatory clarity or institutional adoption, it allegedly intensifies the sale pressure to limit the rising price movement. This, according to Pumpius, reinforces the perception of XRP as simply another alternative instead of a unique settlement asset [1].
The moment and coordination of these actions have led some analysts to question whether pricing suppression is a coincidence. Although technical or market data were not provided in the thread, the consistent pattern of Binance’s behavior has generated concerns. In addition, other forces may be involved in the suppression of XRP, according to Pumpius, including investors linked to China, entities aligned with the Swift network and financial channels on the high seas. According to reports, these groups have interest in maintain [1].
Despite the favorable foundations, XRP has struggled to win price traction. The token price decreased by 4% during the past week, quoting about $ 2.80 from the last data, even when the broader cryptocurrency market experienced a modest recovery. The data in the chain indicates a significant fall in the activity of the Book Mayor XRP, with active addresses that decrease from approximately 45,000 to mid -July to around 20,000. This suggests a growing precaution of investors and greater vulnerability to external sales pressure [1].
However, there are signs of continuous interest in XRP. Whale activity has increased, with approximately 340 million tokens added in the last two weeks. In addition, the Chinese company of the Linklogis supply chain recently integrated the Book Mayor XRP in its global finance platform, indicating possible progress for the adoption of Ripple in Asia. Pumpius argues that alleged binance suppression efforts can be counterproductive. As XRP holders move their Autocustody tokens, decentralization is strengthening, reducing token dependence on centralized platforms [1].
Fountain: [1] Binance is Dumping XRP. Here is why this is a … (https://timestabloid.com/binance-is-dumping-xrp-heres-Why-othis-is-is-a-coordined-war/)