The legendary trader and tech analyst Peter Brandt accused Ripple of manipulating the market and expressed the opinion that the price of the third-largest crypto asset XRP will fall by another 20%.
“Will Ripple be able to manipulate the market to keep XRP above $ 0.24?” A serious breakdown is brewing at this level, after which 0.020725 shines ”
Will Ripple be able to manipulate the market to keep $ XRP above .2400? A serious breakdown at this level, and .020725 is in the cards. pic.twitter.com/QAyfMcwaZd
– Peter Brandt (@PeterLBrandt) August 14, 2019
Brandt was asked why he was convinced that Ripple was manipulating the price. The trader replied that Ripple has been doing this since the release of XRP.
I used "manipulate" because it is exactly what Ripple has been doing since it introduced XRP.
– Peter Brandt (@PeterLBrandt) August 14, 2019
According to the Messari service, since the beginning of the year, the XRP token has fallen in price by a quarter:
However, it is noteworthy that on the Coinbase platform, the demand for XRP among large players significantly exceeds the supply:
Hate to me Mr. Buzzkill like always but 88% of Coinbase customers with large XRP holdings are buying rather than selling in the last 24 hours. pic.twitter.com/EUSZyVhiCB
– Larry Cermak (@lawmaster) August 15, 2019
As for bitcoin, then, Brandt is sure, while “everything is going according to plan”:
Bitcoin remains above the pace of its 2015-2017 bull run (for now). The 2015-2017 trend tested its trend MA multiple times (green arrows). The current trend has yet to do so. $ BTC . pic.twitter.com/0KWR1I4Ax5
– Peter Brandt (@PeterLBrandt) August 14, 2019
According to him, the price has more than once to test the orange moving average, which during 2015 – 2017 has repeatedly served as a trend of dynamic support.
Recall that in a new lawsuit, investors demand that the XRP token be recognized as a security .
BlockchainJournal also previously reported a petition calling for Ripple not to bring down the price of XRP.
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