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XRP has been making waves with its recent price surge, but some analysts are raising red flags! 🚨 According to crypto analyst IncomeSharks, nearly 43% of XRP's total supply is locked away in Ripple's escrow accounts, sparking concerns about potential price manipulation. 💥
🔍 Historical Trends Show Risk
After a massive 410% surge to $2.74, past patterns suggest a possible sharp correction back to $0.60 — nearly a 4x drop from current levels. 📉 This mirrors previous cycles, where XRP saw massive gains followed by steep losses, such as the 75% drop in 2021 and 92% drop in 2018.
💥 Why the Fear?
XRP is often accused of being part of pump-and-dump schemes, thanks to Ripple's control over 38.9 billion tokens. The high centralization of supply can cause drastic price swings, leaving traders wary. ⚠️
Is XRP heading for another crash, or can it sustain the bullish trend? Watch out for the potential $0.60 support level! 🚨
Stay tuned, and trade smart with Binance! 🚀 #XRPGoal #NFTIsBack #XRPTrends #XRPReclaimsTop3 #Write2Earn!