Ripple CEO Brad Garlinghouse has recently made an appearance on CNN’s First Move where he denied that Ripple can control the price of XRP during an interview with Julia Chatterley.
Ripple can't control the price of XRP any more than the whales control the price of Bitcoin.
I don’t think anyone is in the position to manipulate these prices.
Institutions like Money Gram are buying at the market price. Moreover, they wouldn’t allow companies to dump large amounts of XRP on the open market.
We would hypothetically have restrictions about what they can sell.
His comments come on the heels of recent accusations that Ripple Labs might be artificially suppressing the price of XRP with its continuous sales.
Stay tuned for more updates from the interview!