It didn't take long last time for
Ethereum price to jump after
XRP passed it.
Ethereum really took hard beating the past few months. I would expect it to jump to $400 very fast once
ICO season starts again.
I doubt icos will be as profitable as last year ever again. That was not normal
Anyway, xrp is highly manipulated. Most of the coins are owned by founders. They buy and sell to each other manipulating de price upward or downward as they wish.
Yesterday they were dumping it hard, now they are pumping it.
Ripple Co-Founder’s Token Selloff Accelerates
Crypto entrepreneur Jed McCaleb, now with a rival startup, has sharply stepped up sales of his billions of dollars in XRP holdings
One of the co-founders of crypto startup Ripple holds billions of dollars worth of the company’s digital token, but his continuing sales of the token have dramatically risen over the past few weeks.
Jed McCaleb, who left Ripple a few years ago and is now co-founder of a competing outfit called Stellar, could put pressure on the cryptocurrency by increasing sales of the tokens, called XRP.
XRP, which was created by Ripple, is worth more than $22 billion, making it the cryptocurrency market’s third-most valuable token after bitcoin and ether. In the frenzy of the crypto market that crested early this year, XRP climbed as high as $118 billion. But since the start of the year, the crypto market has plunged about 74%.
Mr. McCaleb’s increased sales of XRP could be another factor that drags on the token, which Ripple has used to fund its growth and is intended to help run its payments-protocol software.