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Title: Top Trader Points to Behind-the-Scenes Buying on XRP Market
U.Today – March 14, 2025 – 12:00 PM EST
In a recent tweet, top trader and crypto influencer Dan Burgin sparked speculation that the sudden surge in XRP’s price is not just a result of market momentum but rather a sign of behind-the-scenes buying. According to Burgin, there are significant forces at play in the XRP market, driving up its value in an unprecedented manner.
As reported earlier, the price of XRP has skyrocketed by over 12% in just a short period, with many attributing this surge to the recent filings made by CBOE and Ripple for a new ETF. However, Burgin believes that these filings are merely symptoms of a larger issue – the increasing interest from institutional investors.
“We’ve seen this before,” said Burgin in an interview with U.Today. “When markets anticipate major changes or developments, they tend to overcorrect on their own. What we’re seeing here is a sign that the market has already anticipated some sort of resolution.”
While Burgin did not specify what he meant by “resolution”, many have begun to speculate about the potential impact this could have on the XRP price.
The recent 12% increase in the asset’s value is certainly unprecedented, with even a minor movement resulting in a significant gain. As such, it can be difficult to pinpoint the exact cause behind this surge.
Burgin believes that any major developments related to Ripple’s ongoing legal battle with the SEC would likely have a significant impact on XRP’s price. The two parties have been locked in a contentious dispute since 2020, and any resolution or settlement could be met with widespread relief among investors.
“It’s clear that there are forces at work here we can’t fully see,” Burgin said. “I think it’s safe to say that Ripple’s ongoing battle is the elephant in the room.”
As such, while the price of XRP may have seen a significant increase, many market analysts and traders are now speculating about what could be driving this surge.
One thing is clear: there are no signs of slowing down for XRP’s price.
Source: https://u.today/top-trader-points-to-behind-the-scenes-buying-on-xrp-market
