Pundit: ‘Binance is Deliberately Manipulating XRP Price’ – Here’s How

• Binance’s alleged market manipulation targets XRP as Ripple’s momentum grows.
• XRP faces intense suppression from Binance as Ripple pushes toward global adoption.
• Every XRP sell-off by Binance accelerates decentralization, paving the way for future dominance.

A prominent crypto figure, Pumpius (@pumpius), has accused Binance of deliberately manipulating the price of XRP, claiming the exchange is engaging in coordinated market activities to suppress the asset’s value. The claims are based on abrupt sell-offs and liquidity spikes that have impacted the price of XRP, leading to radical red spikes on its charts.

As Pumpius puts it, Binance is not simply dumping the XRP; they are making a calculated move to slow down the cryptocurrency’s development so that it does not become a danger to the established players in the market.

Binance’s Alleged Market Manipulation Strategy

Pumpius explains that Binance’s business model revolves around manipulating market conditions to profit from retail investors. He suggests that the exchange front-runs retail investors, engages in wash trading, and manipulates funding rates to control market volume. XRP, however, is seen as a threat to Binance’s operations, as it is more than just a speculative asset.

Also Read: 724,858,530 XRP On the Move – What’s Happening?

XRP is viewed as the future of financial infrastructure, offering a decentralized alternative to the liquidity pools Binance has been exploiting for years. As XRP continues to develop its use cases, Binance’s alleged actions could be an effort to suppress the asset’s potential and maintain control over the market.

XRP’s Growing Utility Amid Price Suppression

Every time Ripple makes progress, such as announcing new partnerships or legal victories, Binance allegedly ramps up its efforts to manipulate XRP’s price. According to Pumpius, these market suppression efforts are timed with positive news about Ripple, such as the closure of its legal battle with the SEC or the expansion of international payment corridors.

By flooding the market with sell pressure, Binance is believed to be trying to keep XRP from breaking out and realizing its full potential. This is seen as an attempt to maintain the illusion that XRP is just another altcoin and to prevent its rise as a major player in the financial sector.

XRP’s Decentralization as a Response to Manipulation

According to Pumpius, the irony of Binance’s alleged manipulation tactics is that every time the exchange dumps XRP, the asset becomes more decentralized. Tokens are moving out of centralized exchanges and into self-custody, which prepares XRP for a future where its true utility will shine.

This trend toward decentralization might be exactly what Binance fears. Once XRP’s utility is fully realized, the exchange’s market manipulation will appear insignificant in comparison to the larger global settlement flows powered by Ripple’s blockchain technology.

Despite Binance’s alleged actions, XRP’s fundamentals continue to strengthen, and Ripple’s advancements suggest that these short-term attempts to suppress its price will ultimately be ineffective.

Also Read: SWIFT’s Tom Zschach Slams Ripple’s Governance: A Major Blow to XRP’s Future

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