XRP surges then falls on faked BlackRock XRP trust filing

14/11/2023

On November 14, a X (Twitter)user discovered a document submitted by BlackRock, indicating that the asset management company was applying to register an “iShares XRP Trust”. The news of this application caused XRP to surged by 12%. However, after the document was confirmed to be fake, XRP quickly fell back to its original price.

After Bloomberg ETF analyst Eric Balchunas confirmed the forgery, the cryptocurrency lost all its gains within 30 minutes.

Resource: https://cointelegraph.com/news/xrp-spikes-falls-fake-blackrock-xrp-etf