It\u2019s no secret that XRP \u2013 the cryptocurrency that is closely associate to Ripple \u2013 has faced its fair share of hate over the past couple of years, but it now appears that some of the cryptocurrency\u2019s largest fans are feeling disillusioned with it.<\/p>\n\n\n\n
The current climate surrounding XRP has largely been damaged by recent news that Ripple \u2013 who holds a significant amount of the crypto \u2013 has been selling a significant amount of XRP each quarter due to using inflated volume figures to guide their selling.<\/p>\n\n\n\n
Now, embattled investors have launched a petition to stop Ripple from \u201cdumping\u201d XRP on the markets, but it is unlikely that this will have any impact on how the company goes about selling their XRP holdings to fund their operations.<\/p>\n\n\n\n
XRP<\/a> has faced a significant amount of downwards pressure as of late and is currently trading just a hair above its 2018 lows.<\/p>\n\n\n\n Unlike many major cryptocurrencies, XRP has not been able to incur any upwards momentum throughout the first half of 2019, and just fell to yearly lows of roughly $0.25 earlier this month.<\/p>\n\n\n\n Kyle Samani, the co-founder of the Multicoin Capital hedge fund, recently spoke to Bloomberg<\/a> about XRP\u2019s lackluster price action, noting that Ripple\u2019s steadily increasing quarterly XRP sales have likely been the source behind its recent bearishness.<\/p>\n\n\n\n \u201cThe company has been steadily increasing their sales of XRP over the previous three quarters, likely inflicting downward price pressure on XRP. Savvy investors have known this for some time; however, for whatever reason the market is just now picking up the narrative and reacting,\u201d Samani, who is currently shorting XRP, explained.<\/p>\n\n\n\nInvestors Create Petition Demanding Ripple Quit \u201cDumping\u201d Tokens<\/strong><\/h2>\n\n\n\n