XRP Price Stagnation: The Shocking Truth Behind Flat Price
Prominent financial expert Dr. Jim Willie contends that significant institutions are working together to cause the XRP price to stagnate, rather than it being a random occurrence. Dr. Willie asserts that the current absence of notable price movement in XRP is indicative of a purposeful pause in price activity in an interview with Versan Aljarrah.
He claims that big banks and other financial institutions are actively attempting to buy up XRP at low prices before the token’s next big rise. Even while he expressly mentioned banks, Dr. Willie singled out BlackRock as one of the organizations stifling the price of XRP, calling it an egregiously dishonest equities company.
XRP Suppression Theory: Fact, Fiction, or Market Manipulation?
He claims that organizations such as BlackRock are covertly suppressing the price of XRP through non-disclosure agreements (NDAs). According to him, these influential figures are hesitant to purchase XRP at its true worth, which he estimates should be between $7 and $8. Rather, they are exerting pressure on Ripple to maintain the price at or below $3. Before the market completely reprices the token to its true value of $7–8, they are able to amass a boatload of it.
Widespread conjecture on the token’s suppression hypothesis within the XRP community is reflected in Dr. Willie’s statement. Many tactics, including Ripple’s monthly escrow release and regulatory issues, are thought to have been used to keep XRP’s price low. Although there is no proof that Ripple is working with banks or other financial organizations to manipulate the price of XRP, the accusation has gathered traction over time.
XRP Price Decline Mirrors Broader Crypto Market Movement
From $3.18 on September 13 to a weekly low of $2.96 on September 15, XRP recently dropped again below the $3 threshold. The token has now fallen once further and is now trading at $2.99, despite a brief recovery to $3.14. The current decline does not prove that XRP is being maintained below $3 on purpose. Rather, throughout the last day, its movement has mostly matched that of the larger cryptocurrency market.
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