Analyst and experienced trader Peter Brant (Peter Brandt) said that Ripple’s XRP cryptocurrency is a fraudulent Scam, and the price of coins is constantly manipulated.
In the social network Twitter, Brandt wrote that over time, the rate of the fourth-largest cryptocurrency will fall to almost zero, and in General it is a fraudulent Scam. He stated that XP fans only need to wait a little longer.
Note that the XRP rate has been declining since October 2019, and earlier Peter Brandt said that the price of the cryptocurrency is supported only by its large holders. In February, the XRP exchange rate briefly rose to $0.35, but then again continued to decline and at the moment the cryptocurrency is trading at $0.20.
Peter Brandt is not the only representative of the cryptocurrency industry who expresses doubts about XRP. For example, well-known analyst Tony vays called XRP a “fraudulent cryptocurrency” that Ripple Labs “created out of nothing”.
In early may Peter Brandt said
the fact that after the reward for bitcoin miners is halved, it is highly likely that the rate of the first cryptocurrency will decrease.