Was there an organization behind the XRP price pump this past week?

Over the past week, the price of XRP has increased significantly, with an increase of more than 80%, reaching a high of $1.2698 on November 16. This price increase was largely driven by the uptrend of Bitcoin, which surpassed $90,000, providing momentum to the entire altcoin market, including XRP. Analysts have highlighted that XRP could be preparing for a strong price explosion, after breaking a three-year-long downtrend and showing a strong buy signal.

While there is no clear information about any specific organization behind the "pump" of XRP, recent developments show active participation from investors, especially in the options sector, with many traders predicting the price to rise above $2 by December.

So, it can be said that the current price increase of XRP is mainly the result of positive sentiment and strong investment in the market, rather than being driven by any particular institution.