BEARISH 📉 : XRP holder alleges nine instances of pre-open pumps, US open dumps
Top XRP holder alleges 9 pre‑open “pump and dump” cycles since Feb; community splits
A prominent holder alleges a recurring scheme around US market open. Pre‑open pumps, then fast dumps once trading starts.
The claim centers on XRP. An influencer known as Arthur posted a chart and said the same sequence hit nine times since February, with the pattern continuing in March. He shows price pushing to resistance before the US open, then reversing after the bell. Source.
Arthur labeled it a possible “new Jane Street playbook.” He also pointed to high leveraged longs during these windows and said XRP is “down 44% from highs despite Ripple news, ETF exposure, acquisitions, licenses.” Post.
Traders pushed back. “Not everything is manipulation,” wrote Robert W. He argued similar moves appear across assets when US liquidity enters, calling it normal profit‑taking and flow at the open. Comment.
Arthur rejected that. He emphasized the repeated timing and setup as evidence. Chart.