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XRP Pumps and Pumps. New Retail Investor Target?

XRP seems to be a new darling in the current retail traders revolution. In the a short span of 15 minutes, from 3am GMT UK time, XRP has rallied close to 10%.

In fact, since January 30th, XRP has been on a tear. Its price has rocketed from around 30 cents to hit a high of 54 cents. It seems that a private telegram group (@pumpxrp) has been formed to create a formidable force with the sole purpose of pumping XRP. As of this writing, @pumpxrp has hit its Telegram-imposed limit of 200,000 members.

A new Telegram has been formed at @pumpxrpofficial and has reached more than 77,000 members. If parallel can be drawn from the DOGEcoin saga, it seems this rally still has some more room to grow. But, only time will tell. 

It seems a new retail movement has been formed. We advise extreme caution before plunging your hard-earned cash and always remember the golden rule in all high risk investment – “play only what you can afford to lose”. 

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SuperCryptoNews is a global leading blockchain and crypto news provider, covering daily news on the latest tech and trading developments in crypto. We bring you expansive crypto news coverage especially in Asia, with a focus on Singapore, Thailand and Southeast Asia.

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