Mati Greenspan: Two factors affect XRP price cuts

Mati Greenspan, founder of Quantum Economics, identified two major issues that prevent XRP's price increase. One of of these problems is Ripple.

In 2019, the price of XRP could not rise - at the beginningthe token price was $ 0.37, now it is trading around the $ 0.20 mark. Despite all the achievements of Ripple, the XRP token is still trading at annual lows. Matum Greenspan, the founder of Quantum Economics and crypto investor, has identified two main reasons for the fall in asset prices.

Mati tweeted:

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

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%.

According to the materials u.today