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XRP faces fresh scam allegations amid rising wallet activity and market pressure.

Market News
22 May 2026
Zycrypto
View Source
Bearish
pluang ai news

A market analyst labeled XRP as one of the biggest alleged scams in crypto, criticizing its $83 billion valuation and accusing Ripple of inflating its price through industry influence and celebrity endorsements. Despite these claims, XRP's network activity surged with over 4,300 new wallets in 24 hours, marking one of the largest growth spikes in 2026. However, XRP's price remains under pressure, down over 27% year-to-date and trading significantly below its all-time high. This controversy highlights ongoing debates about XRP's legitimacy and future in the crypto market.

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