’Idiotic Theory’: Bill Morgan Rejects Ripple Dumping Claims for XRP Dip
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- XRP price drops ~3% unexpectedly after positive Ripple SEC settlement news
- Community poll suggests market manipulation suspected over Ripple dumping
- XRP TA shows key test near $2.38 EMA resistance, $2.33 support critical
XRP registered a surprising 3% decline over the past 24 hours, trading around $2.37, despite a nearly 25% jump in trading volume.
This dip, which saw a low of $2.33, comes shortly after Ripple announced a settlement in its long-running case with the U.S. SEC—a development that left many investors puzzled by the negative price action. The price currently tests immediate resistance near the 20-day Exponential Moving Average (EMA) around $2.38.
Related: XRP’s Next Chapter? Analysts See “Price Discovery” Mode After SEC Settlement
Poll Suggests Market Manipulation, Not Ripple Dumping
The unexpected move prompted discussion within the crypto community, highlighted by a poll on X (formerly Twitter) conducted by user “Vincent Van Code.”
He observed the decline occurred just after Ripple’s Chief Legal Officer, Stuart Alderoty, confirmed the positive SEC settlement news.
The post ’Idiotic Theory’: Bill Morgan Rejects Ripple Dumping Claims for XRP Dip appeared first on Coin Edition.
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