Ripple’s XRP Stuck at $0.3 Since December 2018, Is The Market Being Manipulated?

2019-4-22 10:39

While Bitcoin and most altcoins have been pumping over the past few weeks, XRP lagged behind in price gains. Ripple and XRP still have a strong community of enthusiasts and holders, but some are starting to wonder why the price isn’t moving.

One self proclaimed Ripple fan and proud community member displayed some frustration that the price of XRP has not pumped along with the rest of the market.

Someone show me proof that XRP isn’t being manipulated! Look at these prices from December, we are still at 0.32 and everything else has pumped since then. #xrp #XrpCommunity pic.twitter.com/Yvcu1xvOcI

— ecossexrp1 (@ecossexrp1) April 16, 2019

The manipulation whispers surrounding Ripple and XRP have been getting louder in recent weeks. A lot of comments on social media are echoing a puzzled sentiment. XRP holders are questioning why other coins and tokens seem to pump on the least bit of good news, but a sustained stream of positive developments isn’t helping XRP breakout.

A few weeks back, the noted trader Peter Brandt indicated that the XRP market as being manipulated. He told his Twitter followers that he sees XRP stuck in a descending triangle, a pattern which usually results in a bearish breakout.

Dynamics at work in a massive descending triangle that moves to apex.
1. Mkt is manipulated
2. Manipulators support at fixed level
3. But are forced to lower their selling price as time goes on
4. If (when) support gives way, desperation will ensue$XRPUSD pic.twitter.com/RmJaYiC8KY

— Peter Brandt (@PeterLBrandt) March 21, 2019

Brandt went on to explain how the manipulation is occurring.

They are trying to get rid of their private stash and providing ARTIFICIAL support in process.

— Peter Brandt (@PeterLBrandt) March 21, 2019

Brandt has made it clear that he would be wary of holding any digital assets besides Bitcoin. Like many other digital assets, XRP is polarizing. Its fans think it will rule the crypto world, but its detractors will go as far as calling it a scam.

Ultimately, Ripple will have to deliver in their attempts to build world-changing financial technology to make XRP a valuable asset over the long haul.

The post Ripple’s XRP Stuck at $0.3 Since December 2018, Is The Market Being Manipulated? appeared first on ZyCrypto.

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ripple xrp manipulated price being market stuck

Источник: zycrypto.com

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