A prominent XRP holder has alleged a deliberate and recurring scheme to lift the token’s price ahead of the U.S. market open, only to see it retreat once trading begins. Arthur, who operates under an online handle, pointed to a historical price chart showing XRP rising toward key resistance before the open and reversing after trading starts. He says there have been nine such episodes since February, with a similar pattern continuing into March. He even labeled what he believes is behind them as 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 is the broader backdrop of Ripple’s headlines—billion-dollar acquisitions and ETF inflows—while XRP remains roughly 40% below its recent highs. Every time the price tries to break out, sellers appear and push it back down, which Arthur sees as part of the same problem.
Not everyone in the XRP community bought the argument. A trader named Robert W suggested that price moves like this tend to repeat across multiple assets when U.S. market liquidity flows in at the open, implying normal liquidity shifts rather than manipulation. Arthur rejected that outright, pointing to the nine occurrences and a pattern of accumulation followed by a large build-up of long positions, insisting the consistency 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, and the debate did not stay contained to price action for long, as another participant argued that the crypto market largely runs on speculation.
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