• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Commerce Department To Release Blockchain Statistics, Says Lutnick
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Commerce Department To Release Blockchain Statistics, Says Lutnick
XRP

Ripple CTO Addresses XRP Price Suppression Accusations

Scott Matherson
by Scott Matherson
1 year ago
·
Posted in XRP
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Ripple’s Chief Technology Officer (CTO) David Schwartz has addressed rumors that Ripple’s XRP sales increased exponentially in December. His statement provides some clarification to the XRP community, as Ripple’s alleged sales have long been pinpointed as the reason for XRP’s relatively stagnant price movement. 

Ripple Isn’t Dumping XRP Tokens On The Market

In a post shared on his X (formerly Twitter) platform, Schwartz clarified that the figures showing that Ripple’s monthly XRP sales increased about three times in December are inaccurate. He alluded to the next XRP Markets Report, which will help dispel these rumors, as he stated that it will include Ripple’s aggregate holdings of XRP over the quarter. 

Related Reading: Shiba Inu Whale Transactions Spike 1300% In 24 Hours, What’s Going On?

The Ripple CTO noted that there hasn’t been any significant change in Ripple’s holdings quarter-on-quarter, as Ripple’s sales in the last quarter followed a similar pattern to the previous one. As highlighted by Schwartz, the changes in Ripple’s XRP holdings have happened due to the transfers, grants, sales, and nothing out of the ordinary. 

Schwartz’s comments came in response to an X post made by crypto analyst ABS, where he suggested that Ripple was “heavily dumping” XRP tokens on the market. The analyst further claimed that Ripple’s net sales of XRP rose to 237 million units in December 2023, amounting to three times the crypto firm’s average monthly sales. 

The impact of Ripple’s XRP sales also continues to be up for debate. Pro-XRP crypto YouTuber Jerry Hall had once asserted that Ripple is suppressing XRP’s price with its monthly sales. However, following his assertion, another X user clarified then that Ripple’s XRP sales didn’t have any direct impact on the token’s price on crypto exchanges. 

XRP price chart from Tradingview.com

XRP price above $0.6 | Source: XRPUSD on Tradingview.com

Ripple’s CEO Comments On Spot Bitcoin ETFs Approval

Following the approval of Spot Bitcoin ETFs, Ripple’s CEO Brad Garlinghouse took to his X platform to congratulate those who get this achieved. He also noted that the significance of this moment “cannot be overstated.” Garlinghouse believes that this development will further legitimize crypto as an asset class. 

Related Reading: Celsius Network Goes After Large Investors In Massive Crypto Clawback

Furthermore, he expects that this event will be another catalyst for the institutional adoption of cryptocurrencies. This, he says, will lead the industry to focus on broader real-world use cases and underpin crypto’s legitimization in the process. 

Garlinghouse and his company, Ripple, are already known for providing a real-world use case for the XRP token, which they use to facilitate transactions on their payment service. 

Interestingly, XRP is being touted as one of the digital assets that could be next in line to have its ETF following the approval of the Spot Bitcoin ETFs. However, Bloomberg analyst James Seyffart recently suggested that an XRP ETF is unlikely to launch this year. 

Featured image from Cryptopolitan, chart from Tradingview.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Scott Matherson

Scott Matherson

Follow

Scott Matherson is a leading crypto writer at Bitcoinist, who possesses a sharp analytical mind and a deep understanding of the digital currency landscape. Scott has earned a reputation for delivering thought-provoking and well-researched articles that resonate with both newcomers and seasoned crypto enthusiasts. Outside of his writing, Scott is passionate about promoting crypto literacy and often works to educate the public on the potential of blockchain.

Full Profile

Related Posts

Ripple

Is Ripple Dumping XRP? Pundit Calls Out Founders, Threatens To Take Action

6 hours ago
XRP

What Does AMM Liquidity Pools Mean For XRP And RLUSD Holders? Ripple Exec Answers

22 hours ago
ripple xrp xrpusd

XRP Holds $2.80 Support as Whales Accumulate Nearly $1B: Could this Be Start to $4?

23 hours ago
XRP

Japanese Gaming Giant Plans $17 Million XRP Buy, Here’s Why

3 days ago
Ripple XRP

XRP Ledger Records New $131.6 Million All-Time High In This Major Market

3 days ago
XRP regret

ZachXBT Blasts Ripple Holders, Reveals Why He Does Not Assist/Support The XRP Community

3 days ago

Premium Sponsors

Press Releases

  • Bitget to Transfer 440 Million BGB to Morph Foundation...

    16 minutes ago
  • From Institutional to Individual Investors: How XRP and...

    35 minutes ago
  • Despite XRP price fluctuations, Mint Miner lets holders...

    1 hour ago
  • CryptoMiningFirm Launches First XRP, BTC Mobile App: Earn...

    3 hours ago
  • XRP Price Plummets from $3.65 to $2.72, but GMO Miner Still...

    4 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.