I’m new to crypto and keep reading amazing things about XRP, like how it could make me rich and that it’s still early enough to invest. But I’ve also come across convincing posts suggesting it might be a well-organized pump and dump scheme, designed to inflate the price just enough for insiders to dump their tokens without causing a crash. So my question is, is XRP a scam? I don’t want to get caught up in some con trick. Any advice?
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Yes, XRP is looking more like a fraudulent scheme of a coin. The sheer number of posts on Reddit and other platforms making exaggerated claims about its adoption and sky-high price predictions is alarming. On top of that, there are countless guest posts on high-profile crypto sites pushing these same unrealistic narratives. It all points to a coordinated effort to hype up the price, only for insiders to dump their holdings later. Be careful, this has all the signs of a pump and dump, and you don’t want to get caught up in a scam like this when they have no more coins to sell because the price will eventually crash to near nothing.
XRP is the ultimate scam coin. During the last altcoin season, which usually peaks around tax return season, XRP was the worst-performing major coin. Even Hedera HBAR, despite being relatively dormant, vastly outperformed XRP. Two months before the peak of alt season, HBAR surged by 94%, and Solana shot up by 104%, while XRP only managed a 37% increase. This underperformance wasn’t a coincidence. Insiders were offloading massive amounts of XRP as unsuspecting investors poured their tax returns into it. This relentless dumping is why XRP’s price remained so stagnant, those behind the scenes are cashing out at every opportunity, leaving retail investors holding the bag.
Yes, XRP is indeed a textbook scam coin. The XRP subreddit is flooded with suspicious posts, likely orchestrated by scammers, claiming absurd things like Ripple will become the most valuable company in the world. They use phrases like “we are on the forefront of the future,” urgently insisting that everyone hold their coins and never sell until it reaches at least $25. This is likely a tactic by insiders to keep the price high so they can quietly dump their massive holdings.
You’ll see posts hyping XRP to $100 per coin, claiming BRICS nations will adopt it or Russia will use XRP as a test coin, and suggesting it will replace SWIFT globally. There are even claims that all banks in Japan and China will adopt XRP. It’s all nonsense. These are just flimflam tactics designed to scam you of your investment.
Some argue that XRP isn’t pumping like the rest of the market because it’s “not a scam coin,” but the reality is far more sinister. The real reason XRP isn’t pumping is that whales, who hold massive amounts of XRP, are quietly unloading their stash while retail investors buy into the hype. These whales are the ones funding the hype machine, and once they’ve offloaded enough coins, the hype will vanish, leaving the coin to crash…possibly down to 15 cents or lower. It’s a carefully crafted con job, and those who fall for it will end up holding worthless tokens.
Yes, XRP is the mother of all scam coins. Don’t be fooled into thinking that these YouTubers and social influencers are just throwing out ridiculous price predictions for clicks and ad revenue. The truth is, some of them are being paid to shill XRP. Sure, a few might be chasing ad revenue, but the big players are likely getting paid off, possibly by someone tied to Ripple itself.
Take Ben Armstrong, for instance. It’s pretty suspicious how he suddenly became an XRP fan, constantly bragging about having inside information on the Ripple vs. SEC case, and then turning around to shill the coin. If he truly had inside info and used it to pump XRP, it sure sounds like he was in on the con, getting paid to help manipulate the market. The whole thing reeks of a well-orchestrated scam.
All those websites pushing price predictions of $10, $16, $100, or even $300 per XRP, and what appear to be legitimate guest post authors, are part of a bigger scheme. These guest posters aren’t just writing out of the goodness of their hearts; they’re getting paid by ‘someone’ to spread this hype. So, who’s footing the bill? It’s likely someone with a massive stash of XRP, either huge whales not officially connected to Ripple or individuals directly tied to the company. Personally, I think Ripple is involved.
Here’s the bottom line: these whales have decades’ worth of coins to dump, which means the price will likely stay stagnant, no matter how much hype is generated. Recognize XRP for what it is—a scam—and move on before you get caught up in their game.