- Ripple’s CTO says Ripple isn’t going to stop dumping XRP anytime soon.
- Ripple claims the price of XRP is not affected by its sale of XRP.
- Ripple is removed from top 10 on the road and LinkedIn’s list of hottest companies in the United States.
Ripple News Today – Ripple has been under fire from the XRP community for the last few months. The XRP community has said that the poor performance of the XRP token is as a direct result of the company’s sale of XRP. While Brad Garlinghouse tried to ease tensions by explaining why it is important for the company to sell XRP tokens, that didn’t do much and they continued to dump tokens shortly after his post on Twitter. Now, David Schwartz, Ripple’s CEO, has told the XRP community that the company has no intentions of reducing or stopping its sale of XRP.
Ripple Isn’t Going To Stop Selling XRP Anytime Soon
Yesterday, one of the members of the XRP community posted a tweet asking Ripple to stay away from XRP, responding to the comment, the Chief Technology Officer of Ripple, David Schwartz, said that Ripple will have no choice but to “massively disappoint” the XRP community. According to the company, the price of XRP isn’t falling because Ripple is dumping XRP tokens. They claim that the funds from the tokens that are being sold are used to boost the XRP ecosystem. However, the community claims that the company is doubling down on XRP dumping in a bid to increase its quarterly XRP sales.
XRP (XRP) Price Today – XRP / USD
As Ripple’s quarterly earnings for XRP increased, the price of the XRP token dropped. Right now, the price of XRP is struggling to stay above the crypto winter support level. It’s true that the entire market is currently taking a hit. However, the rate at which XRP is falling is alarming. It is among the top 10 biggest losers since the beginning of the year 2019. Every month, Ripple sells XRP to institutional and retail investors and it isn’t going to end its dumping anytime soon. Last week, as reported by smarttest.wpmudev.host, a prominent member of the XRP community created a petition on change.org to stop XRP from dumping XRP tokens. This was followed by another petition by another member of the XRP community to encourage XRP dumping by Ripple.
In other news, LinkedIn has removed Ripple from its top 10 list of hottest companies in the United States. Ripple, just like Coinbase, has been featured in the top 10 on the list of top 50 companies for a while has now fallen to the top 20. Right now, Ripple has fallen to the 28th position while Coinbase fell to the 29th position.
Ripple has made a lot of progress in the past few months when it comes to adoption and partnerships. RippleNet has over 250 partners signed in with more joining from time to time. However, many members of the XRP community still use the price of XRP as a yardstick for measuring the success of the company.