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Ripple 'Can't Control the Price of XRP', Says CEO Brad Garlinghouse

Brad Garlinghouse, the CEO of Ripple Labs, the company behind the Ripple payment protocol and exchange network, has said the company can’t influence the price of the XRP token, despite being its biggest holder.


During an interview with CNN, Garlinghouse revealed he doesn’t believe Ripple Labs can influence the price of XRP, the third-largest cryptocurrency by market capitalization, comparing its influence to the influence whales have on Bitcoin’s price:


Ripple can’t control the price of XRP any more than the whales can control the price of Bitcoin.


Garglinghouse did note Ripple is the biggest XRP holder in the cryptocurrency space, but argued that this just means it’s the “most interested party in the success of the XRP ecosystem.” Read More...

Can Ripple Control the Price?

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