Ripple Labs, the corporate name behind XRP, remains a holder of approximately 40 BILLION XRPs. It is obviously in the interest in Ripple to support XRP's price. Yet, XRP is not a legitimate crypto coin in the opinion of this author. In fact, XRP is a get-rich scam (IMO) of its creators. In recent years the value narrative of XRP has changed more than once. When one narrative has not supported XRP price, a new narrative is floated. Should support below the current XRP/BTC cave in, expect another down thrust in the inevitable drive to ZERO.
Might there be a chance that Ripple's support will hold and turn price up? Of course. There is also a chance I will find diamonds repairing the drip-line for the cactus in my yard. Should the line of support by Ripple hold, I would not expect a rally to go much past .00002600.
Might there be a chance that Ripple's support will hold and turn price up? Of course. There is also a chance I will find diamonds repairing the drip-line for the cactus in my yard. Should the line of support by Ripple hold, I would not expect a rally to go much past .00002600.