Ripple News Today – Ripple XRP Price Cannot Grow Organically According To Preston Pysh the Investment Advisor – April 14th, 2020

XRP price prediction
  • Warren Buffett-inspired investment advisor says the price of Ripple XRP cannot grow organically.
  • XRP remains over 95% below its all-time high as the bears continue to put pressure on the market.
  • Ripple’s alleged price manipulation of XRP is responsible for the poor price action. 

Ripple News Today – The cryptocurrency community has been talking about the poor price action of Ripple’s XRP. While it’s true that the entire market has taken a hit, Ripple XRP is the worst performing of the top three tokens. In our last Ripple News, we talked about how the volume of cross-border transactions through RippleNet has increased significantly since the beginning of the year. Yet, the price of the XRP token has not made any significant progress. Different people have tried to explain why the price of XRP is suffering. Recently, Warren Buffett-inspired investment advisor Preston Pysh, has talked about why the price of XRP is performing poorly.

Ripple News Today – XRP Will Never Grow Organically According To Preston Pysh

According to Pysh, XRP doesn’t have the price structure that will support organic price growth. The primary reason for this is that the token is centralized. On several occasions, Ripple executives have denied having any control over the price of the token. However, what they say is different from what everyone can see. Since the token was created, centralization concerns have hindered its growth preventing it from reaching its full potential. A few days ago, as stated in our Ripple News, the founder of Morgan Creek Capital Management Mark Yusko said that his firm isn’t going to add the XRP index until they are sure that it is decentralized.

XRP Price Prediction 2020 – Ripple XRP Price Prediction

Brad Garlinghouse and other Ripple executives claim that they don’t influence the price of the token. When asked about why they continue to sell large portions of their 60% XRP supply, they say it is the only way to boost the XRP ecosystem. During an interview with Financial Times, Garlinghouse said that there is no way for Ripple to make profit without selling XRP and that they do not manipulate the price of the token because it will not be in their best interest.

XRP (XRP) Price Today – XRP / USD

NamePrice24H %
ripple
XRP(XRP)
$0.751-0.80%

The Ripple ecosystem is no doubt making progress. Brad Garlinghouse is the second richest person in the cryptocurrency space and his wealth was primarily gotten from his XRP holdings. The company has also partnered with major financial institutions across the globe. However, the XRP token is still more than 95% lower than its all-time high. This is because most of the partnerships do not involve the use of the XRP token. They are beneficial to Ripple and institutional investors but not retail investors who are holding and waiting for a surge in the price of XRP.

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