A modern publication of the wigs has brought back his controversy in the XRP community (XRP), which raises questions about whether the price of the cryptocurrency is suppressed beyond the effects of the lawsuit that was now resolved in SEC against Ripple.
The publication deepens the allegations of coordinated manipulation. It refers to the large XRP holdings of Ripple, monthly sales, institutional participation, etc., as possible factors.
What is behind the low XRP price: treated or market forces?
In December 2020, SEC filed a lawsuit against Ripple. It focused on the claim that Ripple made unregistered securities by selling XRP. The long -term battle, which is finally approaching its end, has suffered great damage to the XRP price.
“He was not released only XRP – he stolen years of growth. While the market rose, Sat Sat”. mail.
However, with the victory of Ripple, speculation has emerged that other factors behind the overwhelming XRP performance.
“The big question. The SEC lawsuit clearly affected the price of XRP. But what if this is not the only power you keep?” user to publish.
The user discussed five main drivers, starting with huge XRP holdings in Ripple. The user has revealed that the company currently owns more than 43 billion XRP in the guarantee and launches a monthly part, a mechanism that started in 2017 to organize the offer.
Some claim that these sales are strategically designed to achieve the growth of XRP prices, making them artificially low. However, the user emphasized that Ripple’s CTO has stated that ODL (ODL) does not affect the price market.
Moreover, the user drew attention to a few small portfolios carrying large amounts of XRP. Important transactions from these governorates lead to low prices, which raises fuel manipulation interests.
However, while there is a relationship between these movements and the low price, there is no final evidence of the deliberate control or overlap.
In addition to the complexity, the user cited a scientific study. I found a negative relationship between the structure of the transaction and the price, with the -0.73 laboratory. Although this does not confirm repression, it highlights the potential role of the complex network dynamics in affecting the price of XRP.
“Speculation works deeply – some believe that large banks buy low while spreading doubt. One of the theories? XRP institutions want cheap before adopting the collective benefit. This seems conspiratorial – but it continues to appear for some reason,” added the post.
Finally, the user explained that in 2017, during the massive price of XRP, the network activity increased. However, some community groups shrunk immediately before the main prices decreased, fake some nodes on the network. This also sparked the marketing fears of the market.
“In my opinion, most of this is just rumors, speculation, and chasing patterns. There is no difficult evidence to suppress XRP prices exceeding the SEC issue. But society’s doubts are not harsh-they are not supported by conclusive evidence …” then, ”the user concluded.
In addition, some analysts also believe that the low price is part of the long -term Ripple strategy. The company uses this cover to avoid attracting a lot of attention while building its infrastructure.
Doinks XRP lawyer claims price suppression
Despite speculation, lawyer Bill Morgan refuted these claims. Morgan explained that Ripple does not control 43 % of the total XRP supply, as some believe.
First, Ripple does not have 43 % of the offer. Even Coinmarketca publishes that the circulating offer (except for what is rippled outside the guarantee) is 58.5 %, ” I mentioned.
Thus, this means that the Ripple effect is less dominant than speculation. Morgan also noted that the monthly Ripple sales of the warranty reaches less than 1 % of the monthly trading volume of the distinctive symbol.
This is smaller than to exert a great pressure down on the price. He also emphasized the decrease in the effect of Ripple Security Editions over time.
Moreover, Morgan referred to a SEC lawsuit against Ripple. He stressed that before the investigation of the organizer for 18 months, he found no evidence of price manipulation by Ripple.
“There is no evidence of price suppression other than the kindergarten impact of the lawsuit of the Supreme Education Council. Ripple gave evidence of experts in the lawsuit that the XRP price movement generally follows the encryption market, especially the movement of bitcoin or ethereum,” Morgan noted.
Now, whether the interpretation of Morgan will cool fears is still inaccurate. Currently, the discussion continues about the price of XRP.
Disintegration
In adherence to the confidence project guidance, beincrypto is committed to unprepared and transparent reporting. This news article aims to provide accurate information in time. However, readers are advised to independently verify facts and consult with a professional before making any decisions based on this content. Please note that the terms, conditions, privacy policy have been updated and the evacuation of responsibility.
