- Ripple is accused of routinely trading XRP for Bitcoin during market uptrends.
- The allegations suggest Ripple’s strategic moves may have contributed to XRP’s underperformance against Bitcoin.
- However, the crypto detective acknowledged that the claims were mere conspiracies.
Amid ongoing discussion surrounding XRP’s underperformance, a prominent crypto investigator known as “Mr. Huber” has reignited allegations that Ripple regularly converts XRP into Bitcoin, particularly during significant market uptrends for BTC.
The discussion began when Mr. Huber drew attention to the disparity in XRP’s supply increase compared to other prominent cryptocurrencies like Bitcoin, Ethereum, Cardano, and Solana, all of which have experienced considerable surges in the current bullish market cycle.
In response to Mr. Huber’s revelation, X user Franco Cappello shared a graph illustrating XRP’s declining performance against Bitcoin since July 2023. Observing XRP’s prolonged declining trend against BTC, Cappello alleged that Ripple had accumulated Bitcoin during this period.
He argued that Ripple’s accumulation of Bitcoin likely contributed to XRP’s underperforman…
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