Ripple News Today – Outrage in the XRP Community, Holders Topple Statue of XRP Brad Garlinghouse – June 28th, 2020

  • Angry XRP Holders Attempt to Destroy Statue of Brad Garlinghouse as They Protest Declining XRP Price
  • Ripple XRP Keeps Sliding, Falls Below the $0.1800 With Lower Lows to Come 

Ripple News Today – On Friday, angry XRP holders went to Ripple’s head office in San Francisco angrily protesting the poor price action of XRP and Ripple’s failure to reach its goal. As they chanted “where’s the bank money” they attached a rope to the statue of Brad Garlinghouse and pulled with cumulative effort in a bid to topple it. Ripple has always boasted about how it will take over the global financial sector by convincing major banks across the world to use its XRP-powered products. While RippleNet has over 300 clients, only a few of these clients are internationally recognized banks. The rest are payment service providers and many others aren’t even using XRP-powered products.

Ripple News Today – “Where are the Banks”

Tired of all the failed promises and the negative price action of Ripple XRP over the last three years, these angry XRP holders decided to take a stand. One holder, Leonard Mingus, who has held XRP for more than 3 years said;

“You promised us dozens of banks Where’re our banks!? Where’s our utility!? Where’s our MOON!? WE WANT ANSWERS!!!”

XRP (XRP) Price Today – XRP / USD

#NamePrice24H %
4
ripple
XRP(XRP)
$0.179
1.42%

All the protesters took pictures that were posted on social media. All these pictures have been circulating online since Friday and it has gotten a lot of support from members of the XRP community across the globe. Those who didn’t go to San Francisco for the protest participated in the online protest. Two popular members of the XRP community, Naga Beau and Shadow Magic also participated in the protest. Both members have always spoken out about things that don’t make sense in the XRP community. The poor market performance has been discouraging for everyone so it makes sense that things have gone out of control now.

XRP Price Prediction 2020 – Ripple XRP Price Prediction 2020

While Brad Garlinghouse didn’t respond to the protest, a spokesperson of Ripple said that they don’t have any control over the price of XRP as they have said many times before. He said that the sale of XRP tokens that they do from time to time is meant to raise funds for the betterment of the XRP community.

Ripple XRP Keeps Sliding, Falls Below the $0.1800 With Lower Lows to Come

The price of Ripple XRP has been moving lower and lower against the USD for the last few weeks. A few weeks ago, the token fell below the $0.2000 level and it has been declining steadily since then. At the time of writing, the price of the token was $0.179310. It is down by 1.84% against the USD and down by 0.87% against the price of Bitcoin. The trading volume over a 24 hour period is $1,254,252,997 and the market capitalization is $7,935,856,732.

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.