Despite release of long-awaited Hinman docs, $XRP price performance was questionable, and there is a good reason for it
The abrupt selling pressure implies that someone, or a group of someones, was prepared for this price pump. They had allocated XRP funds ready to sell or"dump," presumably to suppress the price and maintain a level of market control. This indicates that there are entities who are actively trying to control the price of XRP, presumably to their advantage.
The key point of interest here is the potential for this type of behavior to recur. As the summary judgment news on XRP looms, a similar pattern could emerge. The news, which will bring clarity to XRP's regulatory status, could trigger another price spike. If that occurs, the same entities may attempt to use their reserves to suppress the price again.
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