mt logoMyToken
Total Market Cap:
0%
Fear & Greed Index:
0%
Spot --
Exchanges --
ETH Gas :--
EN
USD
APP

Experts Explain Why XRP Price Action Might Not Be Organic

Favorite
Share
XRP community figures are raising alarms over the true drivers of XRP’s market price. They claim that trading bots, not human investors, may be controlling most of the action behind the scenes. "Bots execute 75% of Crypto Trades" Widely followed commentator "All Things XRP" highlighted that automated bots execute up to 75% of crypto trades. He argued that some lesser-known exchanges see bot-driven volume as high as 95%. This revelation casts doubt on the authenticity of chart patterns and price moves that traders often rely on. XRP is Prime Real Estate for Bots Interestingly, the analyst argued that XRP is an attractive target for bot activity given its deep liquidity and persistent volatility. From arbitrage and scalping to more aggressive strategies like spoofing and wash trading, XRP is regularly subject to automated strategies manipulating short-term price action, according to him. The pundit suggested that retail traders may be little more than "collateral damage" in a game dominated by algorithms. “Bots don’t just participate,” the post warned. “They dominate.” Market Manipulation The post cited 2024’s Operation Token Mirrors, which revealed how bots artificially inflated volumes on NexFundAI, leading to massive investor losses. The warning is that if it happened there, it could happen with XRP, too. All Things XRP argued that bots could cause the XRP price to appear bearish or bullish without real buy-and-sell pressure. While agencies like the SEC and FBI have launched investigations into market manipulation, the pundit argued that bots operate faster than regulators can respond. Cross-border technology and decentralized platforms only compound the difficulty. Don’t Trust Price Alone With bots influencing up to three-quarters of all trades, the post advised caution in relying solely on technical signals. It stressed that fundamentals and regulation matter more than ever in this kind of market. XRPL DEX Could Be the Antidote to Bot Manipulation Meanwhile, software developer Vincent Van Code responded to the discussion. He affirmed the bot manipulation claims and stated, "Yes, 1,000% rigged.” He emphasized that while trading bots may overrun centralized exchanges, the XRP Ledger decentralized exchange offers a safer alternative. According to him, bots on XRPL will be exposed due to on-chain transparency, slowed down by 3-second transaction times, and burdened by rising fees in congested conditions. To enable bot-resistant trading at scale, he highlighted the need for a simple fiat on-ramp for RLUSD, reputable token issuers for wrapped assets, higher user participation, and more advanced trading interfaces. He envisioned a future where crypto trading is fully transparent, secure, and user-owned—“no room for funny business.” https://twitter.com/vincent_vancode/status/1920938449621971283
Disclaimer: This article is copyrighted by the original author and does not represent MyToken’s views and positions. If you have any questions regarding content or copyright, please contact us.(www.mytokencap.com)contact