Brad Garlinghouse Denies Ripple Can Control the Price of XRP

Libra Coin News
Thu, 09/12/2019 - 14:11
Alex Dovbnya
Ripple CEO sets the record straight about XRP sales during his much-anticipated interview on CNN
Cover image via www.youtube.com

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!

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.


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