Unconfirmed reports say Ripple considering buying back 10 billion XRP, skeptics doubtful

Speculation is spreading that Ripple, a fintech company based in San Francisco, is contemplating a buyback of 10 billion XRP. However, skeptics like lawyer John E. Deaton have cast doubt on these rumors. Deaton took to social media to express his skepticism, emphasizing the need for an official confirmation from Ripple before believing the buyback news.



Awaiting clarification from Ripple, Deaton, a crypto lawyer, expressed his doubts on Twitter, indicating that he would only accept the buyback news as valid once it is officially validated by Ripple. The potential buyback carries significant implications for both the company and the broader XRP community.



To begin with, it would demonstrate Ripple's confidence in XRP, implying that the company perceives the coin as currently undervalued and anticipates its future value to


First found on: https://coinatory.com/2023/06/26/unconfirmed-reports-say-ripple-consider/?utm_source=BG&utm_medium=Blogger+Some+Crypto+Blog&utm_campaign=SNAP