But it seems that it's just a big pump group who announced this on Telegram. It looks like this is not the actual pump yet but that buyers are already getting it before the pump. Wondering if the real pump still comes or that it's just some fake news and they gonna dump it all now the price is that high.
Yes, it's the Wall Street Bets thing moving into their second crypto market after Doge.
It's difficult of course to predict what will happen given these rapid price swings. XRP will rise, and then come down... but how far will it rise, and when and how far will it come back down?
It might be instructive to look at Doge, in case XRP follows the same pattern. Doge peaked ridiculously high and came down quickly... but seemed to stabilise well above the initial value. And now it is pumping a bit again, up 34% in 24h.
Obviously XRP is a bigger market and so harder to manipulate, but it's not
that much bigger. The way it's going, you'd think it would go over $1 once the real pump starts - if it does indeed start as planned. But a fall back to the high 20c range seems unlikely in the short-term. These new buyers do seem to have a bit of staying power, as evidenced by Doge.
