Citing Bijing.com, Ripple CEO Brad Garlinghouse has denied allegations of XRP price manipulation, stating that the token's daily trading volume in the billions and strong market liquidity make it difficult for any single entity, including Ripple itself, to control. He emphasized that institutional buyers purchase XRP through the open market and sign lock-up agreements, while Ripple releases escrowed funds on a fixed monthly schedule to ensure transparency. Despite these mechanisms, XRP remains subject to the typical volatility seen in the cryptocurrency market.
Ripple CEO Disputes XRP Price Manipulation Allegations Amid Volatility
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Summary
Ripple CEO Brad Garlinghouse dismissed claims of XRP price manipulation, noting the token’s high daily volume and strong liquidity make control unlikely. He pointed to institutional purchases via open markets and fixed monthly escrow releases as transparency measures. XRP remains exposed to market volatility, like most cryptocurrencies.
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