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RE: RIPPLE (XRP): Target Update with Elliott Waves & Chart Patterns
Ripple Labs own 62 billion ripple. The total supply is 100 billion. Do the math.
Ripple Labs own 62 billion ripple. The total supply is 100 billion. Do the math.
Math is hard
Ripple own about 62% of the entire supply of ripple. If you subtract their debts, it's about 55% of the entire supply. The volume tops about $10B USD/24h at volume peeks, which means that Ripple can effectively get the price as low as they want.
Check out this post, if you want to know, if Ripple will be $100 or $1000 one day! Also, don't forget, that you can be easily rapped by Ripple!