In our XRP news yesterday, we talked about why XRP is hated by the cryptocurrency community but loved by financial institutions. One of the reasons why other members of the cryptocurrency community hate XRP is that Ripple has too much control over it. You see, Ripple, the company behind the XRP token, isn’t meant to have central control over it. However, the company owns more than 60% of the total XRP is circulation which it claims are safely kept in escrow holdings. Well, the latest accusation against Ripple is that it has been under reporting these funds that are kept with escrow. If the rumors are true, how will it affect the XRP price prediction 2019?
XRP Price Prediction 2019 – XRP Prediction 2019 – XRP News Today – Ripple News Today – Ripple Dragged For Price Manipulation
Recently, Coin Metrics discovered some discrepancies in the escrow reporting by Ripple. Since Coin Metrics is a reputable company and Ripple has a controversial reputation, it wasn’t a surprise that the issue led to outrage on crypto social media. According to Coin Metrics, there is a contradiction between what Ripple has been reporting from its escrow accounts and what is actually happening on the XRP ledger. Allegedly, Ripple has been under reporting the number of XRP tokens it has been withdrawing from escrow.
XRP (XRP) Price Today – XRP / USD
Ripple promised never to withdraw and sell all it XRP holdings at ones to keep its investors at ease. This is the only way to ensure that they aren’t trying to manipulate the price or sell-off and run. So far, they have been releasing reports about withdrawals as part of their total transparency efforts. With this latest information, Ripple’s credibility in the eyes of investors has suffered another severe blow. This can lead to a panic sell-off and significant drop in the price of XRP and affect the XRP price prediction 2019.
XRP Price Prediction 2019 – XRP Price Forecast – XRP News Today – Current Price Of XRP
At the time of writing, the price of XRP was $0.40. The means that it is up by 6.77% against the USD and down by 2.00% against BTC. The trading volume over a 24 hour period is $2,295,145,677 and the market capitalization is $16,811,039,530. Irrespective of the latest accusation against Ripple, the price of XRP is still bullish mid-term and long term. Before the end of this year, the price of XRP will move as high as $1 according to the XRP price prediction 2019 on CryptoNewz.
Since the price of XRP started the year around the $0.35 level and is now trading at $0.40, it’s safe to say that XRP has broken even and surged higher for those who bought at the beginning of the year. They’ve even made some decent gains since then. It’s not been easy for Ripple and XRP but XRP is determined to remain among the top three cryptocurrencies this year and to eventually become the most important cryptocurrency in the world.
What do you think about the XRP price prediction 2019 in our XRP news today? Will the latest accusation against Ripple affect the XRP price prediction 2019 or the current price of XRP? Share your thoughts in the comment section below.