There were some strong bullish trends seen over the past week. A significant upward push is expected for XRP, probably triggered by FOMO from retailers. The token price went down to 0.268 due to the price of Bitcoin and other Altcoins going down. Further, the price improved back to 0.27.  It is noteworthy that the price of XRP is nearing improvement.  It is expected that the price will move up until 0.33 until the FOMO catches up to propel the price further.

Ripple XRP Brad Garlinghouse

We recollect how Brad Garlinghouse previously stated, “Yes, Ripple owns a lot of XRP, we’re very interested in the success of XRP, but the accusations of us dumping, that’s not in our best interests to do that […]. We would never do that, and in fact, we’ve taken steps to lock up most of the XRP we own in escrows so we can’t touch it.”

He also stated, “We don’t want some other party buying a whole lot of XRP and dumping it on the market, and so we would hypothetically have restrictions about what they could sell and how often, and usually those are based on volume in the market.”

Sydney Ifergan, the crypto expert, tweeted: “We do remember Garlinghouse stating, Ripple can’t control the price of XRP any more than the whales can control the price of Bitcoin.”

If the above statement is true, then the price of XRP will go up fast.  Several XRP HODlers opines that the price can go as high as 0.50 in just a month.  

Ripple XRP Controversial Whale Alert

Ongoing research and analysis of different blockchains and their whales revealed that there would be a potential risk to the price stability of the XRP token because Jed McCaleb might pour in more XRP tokens into the market. Of note, McCaleb has 4.7 billion XRP.

McCaleb received the tokens for participating in establishing the projects.  Since 2014, McCaleb has sold more than one billion XRP tokens. Investigations claim that 8 billion XRP to different addresses represents the total amount of XRP McCaleb had. However, the study does not conclusively state that McCaleb influences the price of XRP.

Ripple selling the XRP has been the subject matter of controversy among the community all the time.  There has been assurance from the company that their influence on the price of XRP is very less and that they will not sell their assets in a short period.

XRP is a New Asset, and it is Very Big than what HODLers Realize, according to the XRP fans.  They opine that it is like holding Gold before it can be declared the currency.