Despite a wave of bullish developments, XRP’s price continues to struggle — and one community commentator believes it’s all part of the plan.
Follow for deeper insights.
Even with multiple positive catalysts, XRP remains under pressure, mirroring the broader crypto market slump driven by macroeconomic uncertainty. Amid this downturn, pseudonymous analyst 589Bull offers a bold perspective:
> “Price is not the truth, but the trap.”
According to 589Bull, the decline isn’t accidental — it’s strategic. The aim? Shake out early retail investors before full institutional adoption kicks in.
He argues that retail participants focus too heavily on price, which can be manipulated and misleading. The real value, he suggests, lies in behind-the-scenes moves:
Institutional futures products
International ISIN allocations
Bank integration into DLT corridors
ETF filings in progress
This, he claims, is a carefully crafted “game of perception.” As fear spreads, the infrastructure for XRP’s role in global finance quietly takes shape.
> “While you watch the red candles, the foundation is being laid.”
XRP’s Struggles Continue
Currently priced at $2.08, XRP has held above key support — but it’s been a rough ride:
Down 32% across February and March 2025
Already slipped 0.24% in April
Potentially heading for its first 3-month losing streak since 2022
This comes despite a surge of positive news:
Franklin Templeton, Bitwise, and Canary Capital working on spot XRP ETFs
Launch of a leveraged XRP ETF with strong debut performance
Ripple’s $1.3B acquisition of brokerage firm Hidden Road
Progress in the Ripple vs. SEC lawsuit, with both sides agreeing to drop appeals
These signs point to growing institutional interest and real-world use cases. But according to 589Bull, the lack of price movement isn’t a bug — it’s by design.
> “Those who chase hype or panic during volatility may miss out. Surviving the manipulation is the key.”
Disclaimer:
This article is for informational purposes only and should not be taken as financial advice. The opinions shared are those of the commentator and do not reflect the official . Always do your own research before making investment decision.
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