XRP News Today: XRP’s Struggle Exposes Binance’s Shadowy Market Tactics

Binance has been accused of deliberately dumping XRP, with crypto experts alleging that the exchange is suppressing the token's price to maintain market control. According to Pumpius, a well-known figure in the cryptocurrency space since 2013, Binance has been applying heavy sell pressure on XRP to manipulate its value. In a recent thread on X, Pumpius highlighted signs of coordinated selling, sudden liquidity drains, and significant red movements on price charts, suggesting these were not natural market behaviors but deliberate actions by Binance. The expert argues that Binance's model is built on front-running retail traders, using wash trading to inflate volume, manipulating funding rates, and unloading tokens on users [1].

Pumpius claims that XRP poses a unique threat to Binance's business model. Unlike speculative tokens, XRP functions as infrastructure for global payments and settlement. If XRP's utility expands as intended, it could reduce the need for the liquidity pools that Binance and other exchanges have traditionally relied on for profit [1]. Pumpius also noted a recurring pattern: whenever Ripple makes progress—such as new partnerships, regulatory clarity, or institutional adoption—Binance allegedly intensifies sell pressure to limit upward price movement. This, according to Pumpius, reinforces the perception of XRP as merely another altcoin rather than a unique settlement asset [1].

The timing and coordination of these actions have led some analysts to question whether the price suppression is coincidental. While no technical or market data was provided in the thread, the consistent pattern of Binance's behavior has raised concerns. Additionally, other forces may be involved in suppressing XRP, according to Pumpius, including investors linked to China, entities aligned with the SWIFT network, and offshore financial channels. These groups reportedly have interests in maintaining opaque capital movement systems, which XRP's transparent ledger could disrupt [1].

Despite favorable fundamentals, XRP has struggled to gain price traction. The token’s price declined by 4% over the past week, trading near $2.80 as of the latest data, even as the broader cryptocurrency market experienced a modest recovery. On-chain data indicates a significant drop in XRP Ledger activity, with active addresses decreasing from approximately 45,000 in mid-July to around 20,000. This suggests growing investor caution and increased vulnerability to external selling pressure [1].

However, there are signs of ongoing interest in XRP. Whale activity has increased, with approximately 340 million tokens added over the last two weeks. Additionally, Chinese supply chain company Linklogis recently integrated the XRP Ledger into its global finance platform, signaling potential progress for Ripple’s adoption in Asia. Pumpius argues that Binance's alleged suppression efforts may be counterproductive. As more XRP holders move their tokens into self-custody, decentralization is strengthening, reducing the token’s dependency on centralized platforms [1].

Source: [1] Binance Is Dumping XRP. Here's Why This Is a ... (https://timestabloid.com/binance-is-dumping-xrp-heres-why-this-is-a-coordinated-war/)