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factorco
Jun 10, 2020 2:44 AM

Will bag holder support of XRP/BTC hold? 

XRP / BitcoinBitstamp

Description

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.
Comments
RollingHavoc
answering the title - no.
Jolgan
So you mean Ripple tokens are created out of thin air, just like the Fed tokens, hmmm
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