Related Reading: Crypto Traders Wrecked As Trump’s Tariffs Spark $2 Billion Liquidation The price movement has been the subject of speculation, with some positing that external factors, rather than organic selling pressure, were responsible.“The move yesterday was manipulated” Let me explain my thoughts and why I was somewhat confident to call a low within 3 minutes last night (read until end) Using $XRP for example I think yesterday was a cohort effort of market makers to simultaneously let altcoins fall into… pic.twitter.com/y6ngsHrxl8 — Dom (@traderview2) February 3, 2025 Market Professionals Express Apprehension Regarding Manipulation Among the first to spot anomalies in XRP’s price behavior was crypto analyst Dom.
It is possible, Dom said, that market makers are manipulating XRP to accumulate it at discounted prices, if they do indeed remove liquidity to facilitate a price decline.“Whether that was the low or not, these players are UP BIG! ,” the analyst said.
The Mysteries Are Further Complicated By Synchronized Market Movements Unless there are outside factors actively impacting price behavior, there is a statistically little chance that several cryptocurrencies would see the same sharp collapse and recovery in the same time periods.
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