XRP enthusiast denounces false BlackRock XRP ETF listing


Most read

Loading Most Ready posts..


  • False ETF news can trigger rapid price swings in cryptocurrencies.
  • Vigilance and transparency are crucial in the crypto space.
  • Prominent influencers play a significant role in shaping market sentiment.

In a recent turn of events within the cryptocurrency community, a prominent XRP supporter known as “Dark Defender” has expressed strong disapproval towards the individuals responsible for propagating a fake listing of a BlackRock XRP ETF. This misinformation, which surfaced online, prompted a surge in the price of XRP. Dark Defender, a well-known crypto strategist, has condemned the actions of these actors and hopes for their eventual identification and punishment.

According to Dark Defender, the XRP token experienced a notable price increase on Monday, reaching $0.7503, following the dissemination of the false BlackRock XRP ETF information. However, the price subsequently retracted, settling at a level previously discussed with his followers, approximately at $0.6649. Dark Defender found encouragement in the fact that the daily candle closed above this level, interpreting it as a positive development for XRP.

XRP targets firms amidst price fluctuations

Despite the temporary price fluctuations, Dark Defender remains steadfast in his short-term price targets for XRP, which range between $0.87 and $1.05. He emphasized the potential impact of positive ETF news on XRP’s performance and suggested that the rumors surrounding the fake listing may indicate that an XRP ETF is on the horizon.

an impersonator assumed the identity of Daniel Schwieger, BlackRock’s managing director, and listed an XRP trust on the Delaware list of corporations website. This deceptive action led to a rapid 12% increase in the XRP price within just 30 minutes.

He also raised questions about the process involved in listing a name on the Delaware website, highlighting that he was uncertain about the requirements necessary to do so. He speculated that the procedure would likely be more rigorous than merely filling out a form, suggesting that the impersonator’s actions may have involved a deliberate effort to deceive the public.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Share link:

Lacton Muriuki

Lacton is an experienced journalist specializing in blockchain-based technologies, including NFTs and cryptocurrency. He dabbles in daily crypto news rich with well-researched stats. He adds aesthetic appeal, adding a human face to technology.

Stay on top of crypto news, get daily updates in your inbox

Related News

Subscribe to CryptoPolitan