Is Ripple (XRP) the Most Useless Pump and Dump Scheme? Examining the Controversy
Ripple (XRP) consistently sparks debate within the cryptocurrency community. Is it a revolutionary payment solution or, as some claim, a carefully orchestrated pump and dump scheme? This article delves into the accusations, controversies, and underlying issues surrounding XRP.
Craig Wright's Critique of Ripple and XRP
The self-described creator of Bitcoin, Craig Wright, has been a vocal critic. Craig Wright in his further comments brought up Ripple and its native crypto, XRP. He stated that Ripple CTO has a very limited area of expertise. He called out XRP as the latest example of a potentially overvalued asset. The decentralized nature of cryptocurrency should, in his view, preclude centralized entities like Ripple Labs holding significant influence. Blockchain payments company Ripple and its XRP token have time and again managed to garner engagement from critics from the space. Craig Wright recently took aim, reigniting the debate.
Pump and Dump Accusations: Is XRP Susceptible?
The question of whether XRP is a pump and dump scheme is a recurring concern. The high liquidity and trading volume of XRP make it attractive for such activities. XRP, the digital currency associated with Ripple Labs, has been a popular choice for pump and dump schemes due to its liquidity and trading volume. The decentralized exchange landscape offers opportunities for manipulators to artificially inflate the price before cashing out, leaving unsuspecting investors with losses. There are several cases of pump and dump schemes focused on the Ripple brand and price. For example: 1 Ripple Labs own 2025 Hack : In July 2025, a hacker group claimed to have stolen a large amount of XRP, creating panic and driving down the price.
Counterarguments: Innovation vs. Speculation
Despite the criticisms, XRP has supporters who believe in its potential to revolutionize cross-border payments. They point to Ripple's partnerships with financial institutions and the speed and efficiency of XRP transactions. Last week, the Ripple and XRP community was happy to celebrate the fact that their favorite digital asset is finally listed on Coinbase.com. Their excitement did not last entirely, as volatility and skepticism still linger. Blockchain payments company Ripple and its XRP token have time and again managed to garner engagement from critics from the space Craig Wright recently took a shot.
Long-Term Holders and Pump and Dumps
If anyone is a long term holder and you're worried about a pump and most likely dump, you're not a long term holder. Even with the potential for a pump and dump situation, some still believe in the asset's long-term viability.
David Schwartz vs. Craig Wright
The debate extends beyond simple accusations. The self-described creator of Bitcoin, Craig Wright, and Ripple CTO David Schwartz argued about the credibility of Ripple's (XRP). The technical merits and underlying principles of XRP are constantly under scrutiny.
Conclusion: Proceed with Caution
Whether XRP is a legitimate innovation or a sophisticated pump and dump scheme remains a matter of opinion. Investors should conduct thorough research, understand the risks, and exercise caution before investing in XRP or any cryptocurrency. The ongoing debate and potential for volatility make it essential to stay informed and make informed decisions.