Bitcoin -20.23
$7,226.03 -0.28%
Ethereum -0.33
$144.83 -0.23%
XRP 0.00
$0.22 0.7%
EOS -0.01
$2.60 -0.57%
Litecoin 0.20
$44.20 0.45%
Bitcoin Cash 1.40
$206.54 0.68%
Cardano 0.00
$0.04 0.97%
Monero 0.11
$53.10 0.21%
IOTA 0.00
$0.20 1.28%
  • About
  • Bitcoin
  • Ethereum
  • Business
  • Exchanges
  • Hacks
  • Technology
  • Trading
Site Logo
cntldr > Posts > Technology > XRP Could Fall 20% Says Trader Accusing Ripple of Manipulating Market

XRP Could Fall 20% Says Trader Accusing Ripple of Manipulating Market

XRP Could Fall 20% Says Trader Accusing Ripple of Manipulating Market

Technology
15/08/2019 by William Suberg
Share Tweet Share Share Pin it

William Suberg's original article for cointelegraph.com reduced by 59%

528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy8xMjUzOWJmZmQwZGY1NjY5YjU5M2YyNGQwNTYyZTRiZS5qcGc=.jpg

Altcoin XRP has received fresh claims its price is artificially high as a well-known cryptocurrency trader warns of serious losses. In a series of tweets Aug. 14, Peter Brandt accused the issuer and largest holder of XRP tokens, Ripple, of price manipulation.

XRP had dropped to its lowest level against Bitcoin in over two years, while XRP/USD circled 11-month lows. Should the practice ultimately fail, the token could shed another 20%. "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," he wrote in comments accompanying an XRP/USD price chart.

Separate data had shown Ripple sold more XRP in 2019 than at any other time in history. "The chart pattern for many, many months has shown the distribution of XRP by Ripple - it has manipulated the price to hold support. But if support gives way Ripple will be forced to dump in a major way." While the United Kingdom formally recognized XRP as a utility token, the U.S.

lawsuit drew on fresh indications from the Securities and Exchange Commission, or SEC, that the cryptocurrency is indeed a security by local standards.

Share Tweet Share Share Pin it

Related posts

528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy85OGExNzAzNTA1NGExNTkyMzk4NmQwOGE5NDRiZDQwYy5qcGc=.jpg

Russia’s National Energy Grid Operator Tests Blockchai . . .

Technology
35
528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy8xMjc4ZmY4OTk0MzhiZWRkZjZjZWQ0N2Y5MWYyMzEyOS5qcGc=.jpg

The Pros and Cons of Social Trading: Is It a Good Idea . . .

Technology
21
528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy9kZTdhNmY3NGYyODFmMGM2ZTFkZGEwZDJhYjgwZjMzMC5qcGc=.jpg

Blockchain Makes Money Laundering Risks Greater, Says . . .

Technology
29
528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy8yN2YyOGE1MGM2ODRkZDY2MTYxZTRkOTliMDNkMmYyYi5qcGc=.jpg

FinCEN Director Notes Improved Oversight of Cryptocurr . . .

Technology
29
528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy83YTBmYzJmYTBjZDA2MWJmN2Y2MTMwMzI2NTdlMjNmMC5qcGc=.jpg

SEC Cryptocurrency Approach ‘Measured,’ Chairman Clayt . . .

Technology
34
528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy85NzYzNjMwNzY0MTkwNzc4MjUyNWEzNjZlYWViZDM2Ny5qcGc=.jpg

World’s 2nd-Largest Bank CCB Launches Blockchain Refac . . .

Regulation
38
Ledger Nano S - The secure hardware wallet
528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy9hNWRmZmMyMjk0NTczMTk1NDg1ZmM2ZTFhYjI3OTk1ZS5qcGc=.jpg

Three Men Arrested for Running Alleged $722 Million Cr . . .

Technology
35
528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy8zYjA2NzM3MzZiM2ZmMTRmNDk5MzFlZDgyNDkxMzJmNy5qcGc=.jpg

MakerDAO Responds to Dev Accusing Network of $340M Vul . . .

Technology
36
528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy9mMjIyYTFlYzQ2NTdiOGUwNzcyMTg3NjY1OWU5NzdkMS5qcGc=.jpg

Wu Jihan Resurfaces As Bitmain CEO After Co-Founder Is . . .

Technology
34
528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy8yNmYwNzY4ZGJiZmNkM2RhNTY4NmUwOTc2NmRhNmZkMS5qcGc=.jpg

Santander Redeems $20M Bond Using Ethereum Blockchain

Ethereum
46
528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy8yMjhkODk2ZDQ3NjBmZjc4ZGZkYTcwN2Y0MDg5NjUxMy5qcGc=.jpg

Nike Patents a System for Tokenizing Shoes on Ethereum . . .

Ethereum
42
528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy8zZGI2MWZmZDA2Zjg2NGUyMDExNjQyZmExMThhNWQ0Zi5qcGc=.jpg

BNY Mellon and Credit Suisse Involved in Telegram’s $1 . . .

Technology
37
Ledger Nano S - The secure hardware wallet
https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy8xMjUzOWJmZmQwZGY1NjY5YjU5M2YyNGQwNTYyZTRiZS5qcGc=.jpg

 

Support cntldr.com

  • Bitcoin
  • Ethereum
  • MetaMask
Scan to Donate Bitcoin to 3nmdslnreu79qjbjsmpdqmptm4ddukemtb

Donate Bitcoin to this address

Scan the QR code or copy the address below into your wallet to send Bitcoin

Scan to Donate Ethereum to 0x72c04af02686d783cBd5A75fb6b9e0b0D1e8E5b7

Donate Ethereum to this address

Scan the QR code or copy the address below into your wallet to send Ethereum

Donate With MetaMask

Donate ETH With MetaMask

Alternatively, support us by using the following referral links:
  • Exchange: Binance | Hardware Wallet: Ledger
  • Browser:  Brave | Free Bitcoin: Coinbase



https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy8zMzc3YWQ1YzJiYTRjNTc1ZWY2YjlmYzI1MzZlZDIyZS5qcGc=.jpg
Ledger Nano S - The secure hardware wallet

CN [too long; didn’t read]

Summarised crypto news.

Subscribe below.

  • China: Former Central Bank Exec to Reportedly Head New Tech Regulation Division
  • Central Bank ‘Parental Controls’ Obsolete for Crypto: Bank of Lithuania
  • Bitcoin ‘Can Be’ A Reliable Financial Instrument After All: Mark Cuban
  • Russia’s National Energy Grid Operator Tests Blockchain for Retail Payments
  • The Pros and Cons of Social Trading: Is It a Good Idea for New Investors?
  • Ledger Nano S - The secure hardware wallet
    Follow @cntldr
  • Bitpay Launches Support For Three USD Stablecoins — But Not Tether
  • Blockchain Makes Money Laundering Risks Greater, Says Swiss Regulator
  • FinCEN Director Notes Improved Oversight of Cryptocurrency Industry
  • SEC Cryptocurrency Approach ‘Measured,’ Chairman Clayton Tells Senate
  • Ethereum Ice Age May be Imminent If Miners Withdraw From Network
  • Ledger Nano S - The secure hardware wallet
    Follow @cntldr
  • World’s 2nd-Largest Bank CCB Launches Blockchain Refactoring: Report
  • Three Men Arrested for Running Alleged $722 Million Crypto Ponzi Scheme
  • MakerDAO Responds to Dev Accusing Network of $340M Vulnerabilty
  • Wu Jihan Resurfaces As Bitmain CEO After Co-Founder Is Forced Out
  • Santander Redeems $20M Bond Using Ethereum Blockchain
  • Ledger Nano S - The secure hardware wallet
    Follow @cntldr
  • Nike Patents a System for Tokenizing Shoes on Ethereum’s Blockchain
  • Tezos Rally Fizzles After 100% Gain — Likely Top for XTZ/BTC Appears
  • BNY Mellon and Credit Suisse Involved in Telegram’s $1.7B Sale: Report
  • Soccer Teams Like Juventus Look to Score With Blockchain Push
  • Report: Denmark’s Tax Agency Is Sending Tax Compliance Letters to Crypto Users
  • Ledger Nano S - The secure hardware wallet
    Follow @cntldr
  • ICC and Blockchain Firms Agree on $40B Funding for Climate Projects
  • Ledger Live Adds Support for Tezos and Staking, Adds Features to Hardware Wallets
  • Accounting Advisor and Crypto Startup to Jointly Launch Crypto Tax Tool
  • Ugandan Police Hold Director of Alleged $2.7M Crypto Ponzi Scheme
  • After Hard Fork, Ethereum Takes Second in China’s Blockchain Rankings
  • Ledger Nano S - The secure hardware wallet
    Follow @cntldr