Ripple update: Could Ripple Force a Decoupling from BTC?
Random thought as I was going to sleep the other day, we all know that Ripple has a lot of XRP locked up in escrow, and they sell a limited amount every month.
What would stop them from low-key putting some USD back every month and eventually transferring it to a major exchange and creating a huge buy wall at 50 cents (random number)?
If they are certain xRapid and future products/projects will be successful and the price of XRP will rise, why not set a price floor and buy back?
If they did this, when the whole market decides to move in unison, XRP would be the only one with a floor above the rest and theoretically it would decouple from them. Ripple might take a temporary loss but I think the benefit of decoupling would outweigh the risk.
About Ripple (XRP)
Ripple connects banks, payment providers and digital asset exchanges via RippleNet to provide one frictionless experience to send money globally. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets. XRP is the fastest and most scalable digital asset today.
Don’t forget to share the post if you love it !