Ripple token XRP is having a hard time against the US dollar in the crypto market. Up to 2,000 crypto-investors came together to discuss the value of the XRP on the market and signed a petition and asked Ripple to stop putting too much token into the market.
These investors believe that the presence of too many XRP tokens in the market is the most important factor in depreciating the value of the cryptocurrency. XRP reached a record high of $2.85 in January 2018. We are now recording that the Ripple token is trading at $0.2680.
The campaign was sent to Change.org by a user, and the reason behind this signature campaign is the token’s poor performance over the past year. Ripple only goes on the market, which is a poor performance for the XRP.
Ripple could be more confronted with this kind of reaction and news ahead. This is not likely to change the company’s sales policy, although the discomfort of XRP investors is quite clear. As a whole, we looked at the whole of August, and ripple released one billion XRP tokens worth $314 million from their escrow accounts.