June 19, 2024

Mati Greenspan: Two factors affect XRP price cuts

Mati Greenspan: Two factors affect XRP price cuts

Mati Greenspan, founder of Quantum Economics, identified two main problems preventing the price of XRP from rising. One ofRipple is the company responsible for these problems.

In 2019, the XRP price failed to rise – VAt the beginning of the year, the price of the token was $0.37, now it is trading around $0.20. Despite all the achievements of Ripple, the XRP token is still trading near yearly lows. The founder of Quantum Economics and crypto investor Mati Greenspan named two main reasons for the fall in the price of the asset.

Mati tweeted:

There are two reasons for the XRP price decline.First – Ripple holds a huge amount of tokens and sells them during the rally. Second – Banks using RippleNet almost never use the token itself

Mati Greenspan: Two factors affect XRP price cuts

However, the investor is still optimistic about the long-term price of XRP and BTC. He wrote:

As for me, in the long run, both assets have rather high chances to demonstrate growth.

Recall that recently Bitcoin network developer Jimmy Song said that the price of XRP could fall by 98%.

Based on materialsu.today