Is Binance Sabotaging XRP? Analyst Exposes Potential Price Manipulation

A recent X post by crypto analyst Pumpius ignited a firestorm, alleging that Binance’s actions are artificially suppressing XRP’s price. Pumpius claims Binance isn’t just selling XRP; it’s orchestrating a calculated campaign to hinder its growth.

Pumpius points to suspicious market activity: sudden liquidity drops, intense sell-offs coinciding with positive Ripple news, all suggesting coordinated price suppression. He argues Binance fears XRP’s potential to disrupt its established market-making dominance. XRP, unlike meme coins, offers a robust payment infrastructure, potentially replacing Binance’s liquidity pools.

The analyst expands the conspiracy, implicating powerful investors and legacy financial institutions who see XRP’s transparency as a threat to their opaque operations. Price suppression, Pumpius asserts, is their primary weapon to maintain the status quo.

Could Suppression Backfire?

Despite the alleged manipulation, Pumpius believes the strategy may ultimately fail. Ripple’s ecosystem is strengthening daily, with new payment corridors emerging in Japan and the UAE, and projects like DNA Protocol leveraging the XRP Ledger. This fundamental growth, he argues, contradicts the bearish price action, highlighting the artificial nature of the suppression.

Ironically, Pumpius notes that Binance’s selling only accelerates XRP’s decentralization, as more tokens move into self-custody. He envisions a future where real-world utility drives demand far exceeding speculative trading, rendering Binance’s efforts futile against the potential of trillion-dollar settlement flows.

Pumpius concludes that Binance’s actions expose XRP’s true value as a foundational element of a new financial order. The underlying technology, he insists, is impervious to short-term market manipulation.

Featured image from Dall-E, chart from TradingView.com