#PYTH #WLD #ETH #BTC Ripple CTO Addresses Allegations

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of XRP Price Manipulation

Ripple's Chief Technology Officer (CTO), David

Schwartz, has categorically denied allegations

that the company has been manipulating the

price of its digital currency, XRP, through

programmatic sales. This statement comes in

response to ongoing speculation and accusations

from various quarters of the crypto community.

Clarification on programmatic sales and market

impact

Schwartz emphasized that Ripple's approach to

XRP sales has been transparent and carefully

managed to avoid any undue impact on the

market price. As Schwartz explained,

programmatic sales are conducted on exchanges

and are part of Ripple's market-making activities.

These sales facilitate liquidity, allowing for

smoother transactions for buyers and sellers

alike. According to Schwartz, such transactions

tend to have a slight net effect of reducing

Ripple's XRP holdings but are not intended to

manipulate the market price.##xrp✈️