Ripple’s CTO Denies Price Manipulation Allegations on X Platform

• Ripple’s CTO, David Schwartz, denies price manipulation accusations surrounding XRP sales on Twitter.
• Concerns over Ripple’s XRP handling triggered accusations, prompting Schwartz to defend the company.
• Schwartz clarifies the cessation of programmatic XRP sales, distinguished from sales used in Ripple’s payment services.

Ripple’s Chief Technology Officer (CTO), David Schwartz, took to X on February 18, to address accusations of price manipulation concerning XRP sales. Amid the increasing concerns over Ripple’s handling of XRP and its impact on the token’s value, Schwartz denied the allegations.

The skepticism and controversies surrounding Ripple’s operations have led to suspicions among some community members and investors, triggering accusations of market manipulation. Schwartz, feeling compelled to defend the company’s i…

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