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Hello this is Matt on the moon Lambo Channel I'm going to share with you Perspective from a former Ripple Executive who explains why he believes The price of xrp hasn't Exploded and now mind you uh he hasn't Been shy about the fact that he firmly Believes xrp is going to be worth way More in the future he's just talking About what he thinks the hurdles have Been to this particular point and it's Interesting because you'll see given That he you know used to be an executive At Ripple he just doesn't work there Anymore uh what he's talking about it's It's it looks like it's through the the R the lens of a rippled employee and It's fascinating because there are a lot Of other reasons outside of Ripple to Have confidence in xrp and The xrp Ledger existing long term and being Worth way more in the future than it is Right now um but it he just he knows Certain things he has a certain Perspective given his background having Worked at Ripple and it kind of bleeds Through into the post which is not a Complaint I'm just observing this um Then I also want to share with you this Story from the Crypt basic Ripple CTO Responds to claims Ripple suppresses xrp Price with trading Bots and so there you Go another reason this has been making The rounds on social media another
Reason that xrp price has not exploded Yet but it's going it's it's going to Explode but uh before going further I do Want to be clear I do not have a Financial background of any kind I am Not offering Financial advice and you Definitely should not buy or sell Anything because of anything I say or Right I'm just an Enthusiast who enjoys Making YouTube videos about crypto Related topics but just as a Hobby and Just for fun all right so here's the Latest post from this afternoon from Shawn McBride former Ripple employee Explaining why he thinks xrp price Hasn't exploded and that that word by The way is his word reads as follows my Wife and I were discussing xrp and Potential reasons why it hasn't exploded Like it should I used the analogy of Having a Lamborghini xrp but only being Able to drive it on a road filled with Potholes which be the current payments Infrastructure rebuilding an archaic Global Payments Financial infrastructure Doesn't happen overnight but when it Happens expect that Lamborghini to have A nice fresh smooth surface to Burn Rubber all over Gary guinsler face Jerk got a B I like that post and so you Can see what I was saying right it it Seems clear that he's thinking my Opinion way the way I'm reading this is That he's he's he's speaking through the
Lens of like a ripple employee right Because obviously there are a lot of Other reasons that xrp will or won't go Right because xrp if you look look at The the price movements we've had for Its entire existence it's just been Correlated with where Bitcoin goes right And so yes you can talk about the SEC Action for sure as far as why it hasn't Hit a new all-time high but xrp even Where it is now and even at the current Price it's wildly successful number six In market cap over 20,000 coins I know People want the price higher but I think People lose um lose that perspective Because they want it to be higher and if You've been holding it for years you Just you want I understand that right Now it's wildly successful this very Freaking second but it's it's not only About Ripple in fact yes the reason that Xrp is there is because xrp has certain Attributes and it's on The xrp Ledger Which is certain abilities that that the Market finds desirable that's why xrp is Where it is But if you're wondering why it's not Worth even more well let's be real here Utility only matters so much in 2024 It's it certainly matters more than when I jumped into crypto in 2017 that's very Obvious and that's why I think even when You had the last Market cycle in 2021 There were a lot of coins that did have
All-time highs in 2017 that yes moved in Correlation with the market but did not Hit new all-time highs they weren't all Winners last Market cycle and there Might be even fewer winners this Market Cycle when it's all said and done we'll See what it looks like So all that to say it's not it's not Just about what Ripple but you could It's it's kind of neat though that I Hope he's right because if xrp is Broadly adopted even for what Ripple's Doing in positioning as a a bridge Currency if it's widely useful even for One use case yeah then it's got stained Power anyway I'm just arguing that it's Here for other reasons because other People are building things other Businesses find it useful very Obviously um then there's this Ripple CTO responds claims Ripple suppresses Xrp price with trading Bots and this is A bunch of nonsense but I want to cover This let's tackle this I ain't afraid to Talk about the negative sounding stuff Because frankly most of the time anyway It's just very unreasonable and poor Perspectives that is no different here Piece reads as follows Ripple CTO David Schwarz has responded to circulating Claims that the company suppresses xrp Price with programmatic sales using Trading Bots the xrp community is no Stranger to Whispering rumors that
Ripple suppresses the price of xrp by Conducting large scale sales key factors Contributing to these speculations Include Ripple substantial xrp Holdings And the perceived sluggishness in xrp's Growth again I pause to stay here yes There is that perspective in part Because xrp didn't hit a new all-time High Less Market cycle because of the SEC not because there's a problem with Xrp but even so right this second xrp is One of the most successful cryptos in History his and people lose sight of That that's just that's why I wanted to Repeat it you know so there's a Perceived sluggishness but if you look At where xrp has grown from inception to Now not sluggish at All massive wild rare success that's What xrp is in Reality anyway peace continues these Rumors recently gained increased Prominence as emails purportedly Documenting a conversation from 2017 Regarding Ripple's programmatic sales of Xrp came to light the documents had been In public circulation since last year Supposedly used as exhibits in the secv Ripple case however the spotlight Intensified on them when Cowboy crypto a Prominent figure in the xrp community Highlighted them in an X poost media Personality Zack Rector also called Attention to the document in a recent
YouTube video the documents reveal a Purported conversation between leading Market making firm GSR and a member of Ripple CEO Brad Garling 's team in the Conversation GSR and Brad Garland House's team agreed on plans to Discontinue what they called the 6t bot that's the number six in the Letter T bot per the disclosure their Intention was to Halt the 6t bot for the Same rationale behind discontinuing the 4T bot from the email exchange these Bots appeared to be trading Bots Leveraged by Ripple for the programmatic Sales of xrp it Bears mentioning that Ripple used GSR a leader in crypto Programmatic sales executions for its Programmatic sales to exchanges the Conversation detailed plans to stop These sales and quote let xrp breathe End quote and I'll pause to note Programmatic sales are any Ripple any of Ripple sales of xrp that are not part of On demand liquidity that's that's all That means they call them programmatic Sales in his YouTube video Zack Rector Called attention to the fact that Following this email exchange which Occurred on December 18th 2017 xrp Witnessed a price Explosion um data from the charts Confirm that the crypto token rallied 47% from a low of 64 cents on December 18th 2017 to its all-time high of $3.31
On January 4th 2018 this incident triggered questions On whether Ripple's programmatic sales At the time were responsible for the Suppression of xrp's price however such A move from Ripple would not be Particularly logical as the firm stands To benefit the most from an xrp price Increase yes so look Ripple's sales of Xrp have been made very public by a Ripple they they were selling throughout This so I timing of that aside that does Nothing like because look if Ripple were Dumping to such a degree that that it Were that by flipping it off the price Would go up in face Fashion like my God can you imagine like The the that's just the price of xrp if They were doing it to that Degree it it would have been way down Throughout 2017 like that that doesn't Even make logical sense the truth is and You can look at what Ripple's sales of Xrp have been because they've been well Documented for you know almost Ripple's Entire Existence uh xrp price it's gone up Despite that and in fact I'm going to Show you some numbers in in in just a Second here because in terms of the if You want to call it the inflation rate Of xrp even though technically xrp it is Deflationary but if you're talking about Uh Ripple's xrp getting into what is
Considered circulation I've got some I'm Going to show you some data on that and It just kind of puts this whole Theory To bed uh it is not the case that Ripple's uh selling of xrp has in any Sort of material way resulted in some Sort of unreasonable artificially low Price that that is not the problem the Real problem is I've been saying for Years if you want like if you want the Price of xrp to be higher and like it's A quotequote problem you need more Demand that's it which is and so what Makes that happen crypto we just see This there there the fouryear cycle is a Thing man and so um David Schwarz uh Pointed out the Following he said um we stopped Programmatic sales of xrp so clearly That's not a reason that xrp would be Down to this particular point you can See and he shared this little markets Report from Ripple um think I the thing Here Ripple has continued to sell xrp Only in connection with odl transactions See since 2020 Ripple has sourced xrp From the open market to ensure there is A sufficient supply of xrp available for Our growing odl business so they buy and They Sell that's it and so you'll notice that After xrp ran it's not like ripple at That moment was you know going from 2017 And early 2018 when it hit the new
Alltime high it's not like at that Moment that's exactly when Ripple quit With quit the programmatic sales they Didn't and the price of xrp still went Down why because the reason it went up In the first place is because there was Crypto Mania xrp was just moving like The rest of the market was moving that's It and it's silly to think otherwise It's completely Absurd uh so there was this post from Attorney Bill Morgan he reposted what I Just shared with you from David Schwarz And he said summon the xrap Community Want to believe it's Ripple's controlled Bots or Ripple dumping or the escrow That suppresses xrp's price before that It was Jed M Caleb's Taco Stand wallet Well that ran out in 2022 when Programmatic sales by Ripple stopped in 2019 what's the next Theory yep exactly And so people were for years were saying Jed maleb is dumping on the market That's why the price of xrp won't go up And so I noted that as soon as his Wallet was empty the price of xrp Changed 0% it kept doing what it was Doing because Sur by surprise the Percentage of sales from Jed McCaleb was Not enough to move the market same for What Ripple has been doing it doesn't Move the market in any sort of Detectable movable way Ripple could Literally stop right now and if if you
Fast forward three months from now you Won't see a difference it's not Detectable over that short of a time Period somebody named still one Responded to attorney Morgan and wrote Look at the tokenomics you can see the Story of xrp versus others in the top 50 It's just math it's not based on emotion Or biases xrp's poor performance is Directly related to constant selling by Ripple at investor ansers has put out Some great content on the tokenomics and So this guy's very popular invest Answers 179,000 followers on X uh Doesn't like xrp or it doesn't make Think it makes sense um but this is Wrong this is unquestionably wrong as I Will show you in just a second here um And attorney Morgan kind of pointed this Out here he wrote you are citing someone Who thinks xrp has a near Unlimited Supply and infinite inflation when it Has a finite deflationary Supply and Then he shared some screen grabs from What invest answers wrote so he just Doesn't like xrp and he's saying stuff To his massive audience that's literally Incorrect you can see a post from um Looks like this was February 3rd of 2022 and he's talking about the monthly Escrow release from uh from Ripple Almost all of which always goes back Into a new escrow and here's what he Wrote another 1 billion xrp was released
From escrow only 51 billion left the Beauty of super soft assets with near Unlimited Supply like Fiat people wonder Why it is still down 80% from levels Reached 4.25 years ago # selling Pressure now of course this is wrong and I'm going to show you more data in just A second but got to set this up right And here's another one from him looks Like this was what December 21st 2023 xrp despite infinite inflation Eclipsed by salana infinite inflation There's never mind you like it's there's A finite Supply and deflation is Literally coded into it which you don't Even have with Bitcoin it's literally Coded into it with every single Transaction a little bit is burnt it's Literally by code deflationary this guy Doesn't know what he's talking about but He sure wants to say things that aren't True to his followers because hey There's a lot of xrp hate out there so What are the real numbers we'll take a Look at this xrp Community member France Vanderhorst wrote The Following with This chart which you should look at if You're not driving xrp circulating Supply has been growing by about 6% per Year on average for the last 6 Years link so chain link 34% in 3 years 34% increase in 3 years Salana 51% in 3 years xrp though just 36% in 6
Years in double the time still only 36% Increase that's not that much clearly Ripple selling xrp is not a factor in Fact there have been years where uh you Know the amount of new Bitcoin entering The ecosystem in terms of percentage Increase has been more or about the same As xrp increase in circulating Supply From Ripple sales so it's just a bogus Narrative but people that like don't Like xrp they're happy to to lie to Their followers even if they've got Hundreds of thousands of followers and Then their followers end up believing False information they don't care they Just they put it out there into the Universe now it's stupid as hell but can We put this narrative to bed because Again xrp hit its all-time high as Ripple was selling Xrp and and it dropped despite that like It it doesn't it went up it went that's What the market did and then if you look At the bit you know the bit of increase Over the last six years again there's no Way this is enough to explaining this The problem is if you want to call the Problem the man side you need a bigger Crypto P you need more people jumping Into crypto in general and then xrp will Get a piece of that that's it there are Other coins with way way less attractive Uh inflation new coins hitting the Market Zone and so
Forth it's it's not been bad for xrp Comparatively that's this just Fact so now you're armed with data and You can argue against any of the trolls that say otherwise Because they're just wrong and that is That I'm not a financial adviser you should Not buy yourself anything because of Anything I say or right that would be a Very very very bad idea until next time To the Moon Lambo
