Over 70% of the total XRP supply is owned by Ripple, they are free to wash trade it and dump at will like they did last year selling over half a billion dollars in tokens. It will never be scarce once people realise its a useless token and stop listening to the XRP hype crowd.
RE: Why Ripple Token (XRP) is Terribly Overvalued
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Why Ripple Token (XRP) is Terribly Overvalued