Post
Topic
Board Altcoin Discussion
Re: Opinion: Why Ripple/XRP Doubled In Value in Less Than A Week
by
JoelKatz
on 29/11/2014, 05:58:49 UTC
Who and why? I believe its not people like us but Ripple management who is doing this, its obvious, for the last week it has gone up slowly and steadily, clear indication of possible manipulation of price , not because of trading, and now today is not going up or down in price , its fixed! so can someone explain to me this other to what I have just said?
Manipulation that causes a price increase harms Ripple Labs because price increases due to manipulation are always followed by comparable declines. Ripple Labs is not a short term speculator in XRP.