Ripple News: Is XRP’s Price Being Manipulated Amid SEC Lawsuit?
The post Ripple News: Is XRP’s Price Being Manipulated Amid SEC Lawsuit? appeared first on Coinpedia Fintech News
Edo Farina, CEO of Alpha Lions Academy, a strong voice in the XRP community, recently shared his views on the Ripple vs SEC lawsuit, describing it as more than just a legal battle. According to him, it’s a tool being used to manipulate XRP’s price and play with the emotions of its holders. Farina’s post sheds light on the suspicious movements in XRP’s price, particularly during the legal uncertainties, and why investors should focus on the long-term.
The SEC lawsuit is a tool for manipulating $XRP
The day the SEC lawsuit was filed, $XRP’s price plummeted below $0.20. Yet, just a few months later, it surged over 1000%, nearing $2—all during the same trial, with no definitive news or signs that @Ripple would win the case.… pic.twitter.com/SKRSRykaGQ
— EDO FARINA 🅧 XRP (@edward_farina) October 4, 2024
The Unbelievable XRP Surge Amid Legal Chaos
Farina highlights how XRP’s price plummeted to below $0.20 the day the SEC filed the lawsuit against Ripple. The case should have continued to suppress XRP’s value, right? Well, that wasn’t the case. In a surprising twist, just a few months later, XRP’s price surged over 1000%, approaching $2, despite no clear resolution in the lawsuit. There were no major developments or hints of Ripple winning, yet the price skyrocketed. According to Farina, this wasn’t just a coincidence.
Market Makers and Insiders in Control?
Farina suggests that market makers and insiders are playing a significant role in XRP’s price action. The unpredictability of these massive rallies amid unresolved legal issues raises suspicion of manipulation. He feels that the XRP price is being tightly controlled behind the scenes, far beyond what regular investors can see. He even likened the ongoing battle between Ripple and the SEC to a circus—one that may have been scripted from the very beginning.
Don’t Get Distracted by Short-Term Price Action
Farina believes that trying to predict XRP’s price movement using technical analysis or looking for hidden clues in public statements is a waste of time. He notes that investors are not on the same timeline as the key players behind the scenes. The lawsuit could drag on until 2027, or it could end tomorrow—either way, no one can predict it with certainty.
HODL: XRP’s True Value Lies in Patience
Farina’s core message to the XRP community is clear: hold on and trust in the asset’s long-term potential. He reminds investors that XRP is at the heart of a disruptive financial revolution. The key to success, according to him, lies in patience and ignoring the noise of market manipulation. The XRP community, he believes, cannot be shaken.