- XRP Investor Says XRP”s Inflation Rate is Less Than Bitcoin’s and sales of the Token are Blown Out of Proportion
- Ripple XRP Holds the Support at $0.2000 As the Weekend Approaches
Ripple News Today – Credible Crypto is one of the most popular members of the XRP community. From time to time, he uploads useful YouTube videos that provide insight into cryptocurrencies. In his latest YouTube video, he talked about the XRP token. According to him, the XRP bull run is inevitable. He said that in the next cryptocurrency bull run, the price of XRP is most likely going to surge significantly. Even if the price of the token is currently not clouded by the bulls, Credible Crypto is certain that XRP will rise again.
Ripple News Today – Ripple Dumping Schemes Are Blown Out of Proportion
Credible Crypto talked about Ripple’s XRP dumping schemes. According to him, the theory that XRP’s price is not progressing as fast as it should because Ripple keeps dumping their holdings into the circulation is false. Even if Ripple doesn’t dump tokens directly into the open market, they make a lot of direct sales to exchanges and over the counter sales to institutional investors. Due to serious heat from the XRP community, Ripple has started reducing the number of tokens it seeks. The tokens sold by Ripple in the first quarter of 2020 is the lowest in many years. Credible Crypto doesn’t believe that the sales of XRP by Ripple is enough to manipulate the price.
After talking about Ripple’s dumping schemes, he talked about the XRP inflation rate. According to him, the XRP inflation rate is far less than Bitcoin’s inflation rate. He put the number of Bitcoin and XRP tokens in circulation into consideration comparing it to the number of Bitcoin tokens that are in circulation and are being sold daily. Last year, the Bitcoin BTC inflation rate was 0.875 on a quarterly basis. For XRP, the inflation rate was 0.7%. This year, the inflation rate for XRP has dropped even lower.
“The amount of the value that’s coming from the cost to produce is one thing but there’s another separate amount of value that’s coming from other factors and with the factor of the cost value and the fact of these other values you get the final price a day.”
XRP (XRP) Price Today – XRP / USD
In other news, the price of Ripple XRP has managed to hold the line at $0.2000 for the last seven days. At the time of writing, it was trading at $0.200350. This reflects a 2.10% surge against the USD and a 1.29% rise against the price of Bitcoin BTC. The trading volume over a 24 hour period is $1,729,693,496 and the market capitalization is $8,837,998,188. It is crucial that XRP holds this support to prevent another move back to the $0.1900 area.