XRP Faces Systematic Rigging, Major Holder Says

A prominent XRP holder is calling out what he says is a deliberate and recurring scheme to push the token’s price up before US markets open — then drive it back down once trading begins.

The claim has split the XRP community between those who see a coordinated attack and those who say the data points to something far more routine.

A Chart, A Pattern, And A Name For It

The community figure at the center of the debate goes by Arthur online. He posted a historical price chart showing XRP surging toward key resistance levels in the hours before US markets open, then quickly reversing after trading begins.

He counted nine separate instances of this sequence playing out since February, and says the same pattern has continued into March.

Arthur did not stop at simply flagging the moves. He attached a name to what he believes is behind them — calling it a possible “new Jane Street playbook,” a reference to the well-known quantitative trading firm.

He argued that the sheer number of occurrences, combined with the high volume of leveraged long positions open during each episode, makes coincidence an unlikely explanation.

What adds weight to his frustration, at least from his perspective, is the broader backdrop. Ripple has made headlines recently with billion-dollar acquisitions and continued ETF inflows.

Yet despite that activity, XRP remains roughly 40% below its recent highs. Every time the price tries to break out, sellers appear and push it back down. Arthur sees that as part of the same problem.

Community Pushes Back On Manipulation Theory

Not everyone in the XRP community bought the argument. A trader named Robert W entered the conversation and offered a different read.

His position was that price moves of this kind tend to repeat across multiple assets when US market liquidity flows in at the open.

Profit-taking and liquidity shifts, he said, are the more natural explanation — not a coordinated institutional strategy.

Arthur rejected that outright. He pointed to the precision of the pattern: nine occurrences, each following a period of accumulation with a large build-up of long positions.

That level of consistency, he insisted, does not happen by accident. He called on several well-known voices in the XRP space — including Vincent Van Code, Crypto Eri, BankXRP, Digital Perspectives, and Chad Steingraber — to take a closer look at the chart themselves.

The debate did not stay contained to price action for long. Another participant raised a broader critique of the crypto market, arguing that it runs largely on speculation.

Featured image from ECS Payments, chart from TradingView