XRP's recent price breakout is raising suspicions among analysts, with Rajat Soni questioning the legitimacy of its growth and suggesting it could be part of a "pump and dump" scheme. Soni argues that the price movement is not natural and advises caution when investing in XRP. He has previously criticized XRP, accusing it of being a scam and alleging that Ripple Labs controls the XRP Ledger. However, Ripple does not have control over the ledger and XRP's total supply is capped. XRP's rally aligns with broader cryptocurrency market trends, boosted by the election victory of Donald Trump and the resignation of SEC Chair Gary Gensler. Speculation about a potential XRP exchange-traded fund (ETF) is also driving investor confidence. Whales have been accumulating XRP, with 160 million tokens valued at approximately $380 million acquired over the past weekend. XRP is currently trading at $2.65, with $2.50 as a key support level and analysts targeting a $3 valuation. Technical analysis suggests a bullish outlook for XRP, with patterns indicating potential price increases.



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