It is manipulation, but according to statements by Brad Garlinghouse, Ripples CEO, it's about granting investors a sense of certainty that the market cannot suddenly be flooded by currency:
"We want to make sure that the Ripple Consensus Ledger is the most robust, and that XRP is the most liquid, and I think this is a very positive step towards that."
Given that most investors will not dig any deeper, I can see this hurting the immediate speculative value, but does not change Ripple(XRP) underlying utility or economic values.. If anything, it's a good time to buy.
Absolutely, I just think Ripple as a completely different use case from most of the other cryptocurrencies, and from this perspective, I think they're doing good.
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I agree completely, and tried to go over the use cases in the link.
I'm pretty happy with my XRP right now. I put >20.0 BTC in on 01MAY17 ($1369.55) - landing a ~867% roi to date.
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Hope to get there soon ;)
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