NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Analyst Claims XRP Daily Chart Has Earmarks of Manipulated Market Following Recent Coinbase Listing

Cole Petersen
Cole Petersen
6 years ago
3 mins read
ripple

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Following Coinbase’s decision to list XRP – the cryptocurrency commonly associated with Ripple – many analysts and investors alike questioned whether or not there was an element of insider trading associated with the listing. The concerns come after the exchange faced similar criticism back in late-2017, when investors accused the exchange’s employees of profiting off of the listing of Bitcoin Cash onto the platform.

Now, one analyst claims that XRP’s daily chart may point to the fact that it is a highly manipulated market, which he believes may end badly for investors in the cryptocurrency.

Ripple Separates Themselves from Coinbase Listing

It has long been known that Ripple has tried on multiple occasions to get XRP listed on Coinbase, as the additional trading volume incurred from a listing on the exchange would undoubtedly make XRP significantly more liquid.

A listing on Coinbase would also decrease the chances of manipulation, as it is more difficult to manipulate cryptocurrencies with higher average trading volume than it is to manipulate those with low average trading volumes.

A Bloomberg report from April of last year claimed that Ripple was offering large financial incentives to exchanges that would list XRP, with Coinbase being one such exchange that was offered incentives in exchange for listing XRP.

According to the report, Ripple told Coinbase that it would loan the exchange more than $100 million worth of XRP in order to allow users to instantly trade the asset.

Despite this offer, Coinbase declined to pursue it, and has now apparently listed the cryptocurrency on their own accord.

In a recent tweet from Miguel Vias, the head XRP markets at Ripple, he spoke on behalf of the company, claiming that Coinbase’s decision to list XRP was their decision alone, and that the exchange was not offered any incentives to list the crypto.

“We’re happy to go on the record. Coinbase’s listing of XRP (also, not ‘our token’) was Coinbase’s independent decision – we did not give them anything to make it happen,” he noted.

We’re happy to go on the record. Coinbase’s listing of XRP (also, not “our token”) was Coinbase’s independent decision – we did not give them anything to make it happen. https://t.co/xTVvACqsQa

— Miguel Vias (@miguelvias) February 27, 2019

Could XRP Markets Be Increasingly Manipulated Post-Listing? 

Following the listing earlier this week, Coinbase’s CEO Brian Armstrong responded to allegations that his company, or its employees, engaged in insider trading of XRP just prior to its listing with a laughing face emoji in a since-deleted tweet.

https://twitter.com/CryptoDeleted/status/1100128886254379008

In the time since the listing, XRP has surrendered nearly all of the price gains it incurred prior to the listing, which is leading some analysts to view the cryptocurrency’s price as being highly manipulated.

Peter Brandt, a renowned trader and analyst, told his nearly 260k followers that XRP’s daily chart has “all the earmarks of a manipulated market,” which could ultimately spell trouble for the crypto’s investors.

“The $XRP daily chart has all the earmarks of a manipulated market. Manipulated markets historically have not ended well for the bag holders,” he noted.

The $XRP daily chart has all the earmarks of a manipulated market. Manipulated markets historically have not ended well for the bag holders. pic.twitter.com/1tU75qYNnv

— Peter Brandt (@PeterLBrandt) March 1, 2019

Despite this, others were quick to fire back, with Crypto Joe, a popular figure within the XRP Twitter community, responding to the tweet, claiming that manipulation is standard in the crypto markets, and that XRP is creating utility regardless of its price action.

“Newsflash: Crypto markets are manipulated. Took a while for you to figure that out. You think Bitcoin is any different? Difference is, $XRP is set for enterprise utility that will hopefully erase significant manipulation in the future. Very little others can say the same,” he said.

Newsflash: Crypto markets are manipulated. Took a while for you to figure that out. You think Bitcoin is any different? Difference is, $XRP is set for enterprise utility that will hopefully erase significant manipulation in the future. Very little others can say the same.

— Dave Jones (@Dave_Jonez_02) March 1, 2019

XRP has been able to climb slightly today and is currently trading up over 3% at its current price of $0.323.

Featured image from Shutterstock.
Tweet123Share215ShareSend
Cole Petersen
Cole Petersen

Cole Petersen

Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Ethereum at Risk? Whale Activity and On-Chain Signals Hint at Further Correction

Ethereum Wave Count Predicts Price Crash To $1,800 — But $6,000 Is Still In Play

Ethereum is still struggling below $3,000 despite the Bitcoin price sitting close to all-time highs. At the current levels, Ethereum...

Scott Matherson 5 hours ago
BTC, Bitcoin

Bitcoin Near Historic Weekly Close Despite Drop – Analyst Warns Of Volatile Weekend

As the market sees a Friday retrace, Bitcoin (BTC) is attempting to reclaim a crucial area as support. An analyst...

Rubmar Garcia 6 hours ago
Giełda krypto Bitunix laptop interfejs

Giełda Bitunix integruje TradingView. Nowy lider na rynku krypto?

Rynek kryptowalut zmienia się w zawrotnym tempie. W środowisku, gdzie czas to pieniądz, niezbędna staje się platforma, która nie tylko...

News BTC 10 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Chainlink price

Chainlink Price Continues To Struggle Below $15 — Levels To Watch

Opeyemi Sule 2 hours ago
Solana Tests Rising Channel Support – Breakdown Could Send Price To $128.50 Level

Solana Tests Rising Channel Support – Breakdown Could Send Price To $128.50 Level

Sebastian Villafuerte 3 hours ago

比特幣ETF年化收益超越標普500 7月最值得買入預售項目錯過升10倍肯定後悔 

Kelvin Lee 3 hours ago

Premium Sponsors

Press Releases

  • XRP Bulls Are Soaring — FINDMINING Rides the Wave to...

    4 hours ago
  • $AIN Expands to 7 DEXs as AI Network Activates Omnichain AI...

    4 hours ago
  • 仮想通プレセール注目:リップルが米銀行ライセンスを申請、機関投資家の関心が急上昇中

    ...

    22 hours ago
  • 仮想通貨おすすめ:話題の新トークンがプレセール開始直後に15万ドルを調達

    ...

    22 hours ago
  • 新しい仮想通貨:ソラナ系取引ボットが話題のプレセールで150万ドル調達、次の100倍候補か?

    ...

    22 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.