Why Is XRP Price Up Today? Ripple’s Massive Buyback May Have The Answer

Why Is XRP Price Up Today? Ripple’s Massive Buyback May Have The Answer
XRP is one of the top gainers in the last 24 hours. As to why the crypto token is up, a popular crypto sleuth has some answers, as he recently revealed a significant move made by Ripple. This revelation also has the possibility of ending talks that XRP’s price is being manipulated by Ripple, considering that the crypto firm has so far shown that it has XRP’s best interest at heart. Ripple Allegedly Buys Back Around 700 Million XRP In a post on his X (formerly Twitter) platform, crypto sleuth Mr. Huber mentioned that Ripple bought back around 700 million XRP from the open market. According to him, Ripple usually does this to keep the XRP markets stable and liquid. This endeavor could explain why the token’s price has suddenly picked up.  Related Reading: Dogecoin Above $0.1? Crypto Analyst Lists Reasons Why DOGE Price Will Continue To Rally The XRP price has underperformed in recent times, with many speculating why this could be happening. Some simply stated that the price was manipulated as there was no other l ..

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