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Qadir AK
Qadir AK
Author
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
- Oct 05, 2024 07:08 UTC
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Ripple News: XRP Price Manipulation EXPOSED During SEC Lawsuit!
Edo Farina suggests that the Ripple vs SEC lawsuit is being used to manipulate XRP's price.
Farina emphasizes the importance of holding XRP for the long-term, believing in its potential as a disruptive financial asset.
Farina advises XRP investors to disregard short-term price fluctuations caused by manipulation and focus on the long term game.
Edo Farina, CEO of Alpha Lions Academy and a prominent voice in the XRP community, recently shared his views on the ongoing Ripple vs. SEC lawsuit. He sees the case as more than just a legal battle—it’s a tool being used to manipulate XRP’s price and toy with the emotions of its holders. Farina’s comments highlight the unusual price movements during the lawsuit and the dramatic twists.
He also offers a crucial piece of advice for investors: stay focused on the long term.
Here’s why this lawsuit is more than just a legal battle.
The “Unbelievable” XRP Price Surge
Farina points out that when the SEC filed the lawsuit against Ripple, XRP’s price dropped below $0.20. Many expected it to stay low, but something surprising happened. Just months later, XRP’s price shot up over 1,000%, nearing $2, even though there was no clear progress in the lawsuit. There were no signs Ripple was winning, yet the price soared. According to Farina, this price jump wasn’t just a coincidence.
Who’s Controlling XRP?
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.
Can You Predict XRP’s Price? Farina Says NO!
Farina argues that trying to predict XRP’s price through technical analysis or public statements is a waste of time. He explains that regular investors don’t have the same information as those controlling the market. The lawsuit could last until 2027, or it could end tomorrow—there’s no way to know for sure.
Farina’s message to the XRP community is simple: stay focused on the asset’s long-term potential and ignore the short-term noise. He believes XRP is part of a financial revolution, and that patience is key. Market manipulation is just a distraction, and he feels the XRP community is strong enough to endure it.
What do you think? Is Farina’s analysis accurate, or are there other factors driving XRP’s price?
Yes 
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