Manipulation with Ripple?

Recently, Ripple shows strong growth, which is difficult to explain by objective reasons. In part, users found an explanation for this rapid growth.

One of the users of the crypto exchange Bithumb published in Reddit a message that it is impossible to sell XRP at a price below 2,242 won ($ 2,100,754). All orders for sale at 2,241 won ($ 2,099,817) and below the trading platform cancels.

Simultaneously, the trading volume of this currency on Bithumb is 25%, although this indicator usually did not exceed 10%.

Thus, the exchange directly affects the course of Ripple, not allowing you to sell currency at low prices. In this case, the trader will have to wait for a warrant to buy, placed precisely at a high price. If the exchange does manage the course, not only will its reputation become questionable, but also the Ripple team.

In addition, cyber security specialist Ray Watson published a tweet about the operation for 450 million XRP, which were added to the existing 100 million tokens.

Later it turned out that the operation was conducted by the creator of Ripple. In this regard, it was suggested that this is nothing more than testing the network, or the return of funds from charitable projects in the Silicon Valley.

In one way or another, such actions in centralized currency indicate that the future belongs to decentralized currencies and that is why bitkoyn is so severely criticized by financial and government agencies.