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.
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 smartereum.com, 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.
