What if the cryptocurrency that you purchased does not grow in price, but only continues to lose in value? You can try to sell it as soon as possible or wait until the price reaches a reversal level. However, the crypto trader under the pseudonym Crypto Bitlord decided to solve the problem differently and launched the so-called “Ripple rescue campaign”.
To help the native token, this crypto enthusiast created a petition to stop the artificial pressure on Ripple. The petition was posted on Change.org and now 1359 people have supported this initiative and the number of supporters is constantly growing.
It is interesting that the journalists from Yahoo Finance, who devoted an entire article to this event, were seriously interested in this petition. However, the petition and the reaction to it by well-known media have not yet been able to stabilize the price of Ripple. Over the past 24 hours, the value of the token has dropped by 1.57%, and by 3.7% over the past week. At the moment, for 1 XRP they offer 29.43 cents.
Here is the text of the petition:
«Ripple continue dumping billions of XRP on us, crashing the price! Its amazing this sort of behaviour is widely accepted in the crypto world. Sure we know that XRP is a solid coin with major potential but this needs to stop!
Everyday there is good news… A new bank or partnership announced but still, it manages to keep on dumping. The only logical explanation is that Ripple are dumping on us. And not small amounts either. Literally billions. We have seen the reports of them disclosing this so its a fact.
Now imagine a world where those coins aren’t dumped… where the buyers get to buy without dumping and price suppression… You and I both know what happens. We pump. And pump. Like the good ol days…
Now we need over 10k signatures to help support the cause and stop the price decline. If they stop selling, its more likely the strong demand for this quality coin will naturally pump the price back to ATH and beyond!»