RATE Group | XRP’s Recent Decline: Could It Be a Case of Manipulation?
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XRP’s Recent Decline: Could It Be a Case of Manipulation?

14 Sep XRP’s Recent Decline: Could It Be a Case of Manipulation?

Posted at 04:20h in Ethereum News by

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Less than 24 hours ago, Ethereum World News reported that XRP HODLers were getting frustrated due to their favorite digital asset declining in the crypto markets. XRP has declined by over 90% since its all time high value of $3.82 back in January. Such a decline has caused some XRP fans to wonder if they made the right decision investing in the remittance coin that is a favorite of many.

The Beginning Of XRP’s Fall In The Market

The sole reason XRP rose to $3.82 back in January was because the US crypto exchange of Coinbase had been rumored to having plans of listing the digital asset on its trading platform. When the plans fell through, so did the value of XRP. Around the same time, Ripple was facing SEC scrutiny due to some investors claiming XRP was a security. This then meant that Ripple had issued an unregistered securities offering, thus starting a never ending cycle of FUD against the digital asset.

Satis Report

The recently released Satis report predicts that the value of…

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