XRP Pump Fails to Materialize as Price Crashes 40% From Day's High
XRP has crashed hard from a two-month high reached early Monday, with a planned community buying effort failing to yield desired results. The cryptocurrency is trading near $0.42 at time of writing – down 40% from the high of $0.75 reached at around 11:10 UTC, according to CoinDesk 20 data.
A coordinated buying effort by some 200,000 members of the two-day-old Telegram group called “Buy & Hold XRP” at 08:30 a.m. ET was supposed to push the cryptocurrency to higher resistance levels. Instead, XRP pulled back from $0.75 to $0.60 ahead of the crowd buying and extended losses to $0.40 after 08:30 a.m. ET.
The cryptocurrency almost doubled in value over the weekend and clocked a two-month high earlier today. The price action suggests some traders bought XRP in anticipation of a price pump, inadvertently pushing it higher. Some of them may now be trapped on the wrong side of the market.
At press time, the exact reason for the price dump is not known. It’s quite possible that a whale (large investor) took advantage of the price rise and dumped his holdings. Pump and dump strategies are not new to crypto markets, particularly for XRP.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 93.2% | 3 | $26 578.13 | 1.46% | -1.21% | $515 523 852 307 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 90.8% | 1 | $1 851.65 | 1.45% | -0.94% | $222 625 164 413 |  |
|
| 3 |  USDT |
Tether predictions | 91.2% | 1 | $1.000135 | 0.02% | 0% | $83 312 701 560 |  |
|
| 4 |  BNB |
Binance Coin predictions | 90.4% | 11 | $263.30 | 1.73% | -13.80% | $41 036 442 955 |  |
|
| 5 |  USDC |
USD Coin predictions | 91.6% | 1 | $0.999980 | 0.01% | 0.03% | $28 439 686 561 |  |
|
| 6 |  XRP |
XRP predictions | 70% | 56 | $0.525411 | 1.38% | 3.20% | $27 314 551 970 |  |
|
| 7 |  ADA |
Cardano predictions | 92.4% | 7 | $0.323589 | 0.63% | -11.72% | $11 293 739 388 |  |
|
| 8 |  STETH |
Lido stETH predictions | 92% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 9 |  DOGE |
Dogecoin predictions | 90.4% | 8 | $0.067802 | 1.05% | -5.51% | $9 471 068 578 |  |
|
| 10 |  WTRX |
Wrapped TRON predictions | 71.2% | 51 | $0.077563 | 0.87% | 3.14% | $7 886 264 204 |  |
|
| 11 |  SOL |
Solana predictions | 84.8% | 16 | $18.90 | 1.09% | -8.24% | $7 526 603 562 |  |
|
| 12 |  MATIC |
Polygon predictions | 89.2% | 16 | $0.780049 | 1.87% | -12.35% | $7 246 243 263 |  |
|
| 13 |  TRX |
TRON predictions | 74.8% | 49 | $0.077629 | 1.27% | 3.65% | $6 997 511 849 |  |
|
| 14 |  LTC |
Litecoin predictions | 81.6% | 38 | $88.46 | -0.35% | -6.33% | $6 466 841 922 |  |
|
| 15 |  DOT |
Polkadot predictions | 94% | 6 | $5.03 | 0.42% | -3.75% | $5 993 939 800 |  |
