Yesterday, the price of XRP started rallying alongside other major coins on the market. At press time, the third largest coin is trading at $0.23 after a tiny slump. Data from coinmarket cap shows that the coin is up by 7.23% over the last 24 hours.

Meanwhile, Whale Alert has detected that Ripple has unlocked 100 million XRP from its escrow wallet. Many community members are speculating that price manipulation is underway since the coins were unlocked amidst its long-awaited price growth.

🚨 🚨 100,000,000 #XRP (23,823,138 USD) transferred from Ripple Escrow wallet to Ripple



Tx: https://t.co/0CPst6eHN1 — Whale Alert (@whale_alert) January 15, 2020

The Ripple CEO, Brad Garlinghouse, had earlier assured the community that Ripple is unable to manipulate the price of XRP. He said the company is not interested in keeping the coin’s price low.

However, comments from the community under the tweet shows that they believe the contrary. The community feared that another portion of XRP has been released by the company to make profits for themselves without caring about the effect of their action on investors.

Later in the day, Whale Alert also spotted another 29 million XRP being moved from the Bithumb exchange to an unknown wallet.

However, the Bithomp website shows that this unknown wallet was activated by Bithumb as well.

This time round, the Ripple community took it as a sign of a further upcoming pump, per their comments to the tweet.

Earlier this month, Ripple unlocked a huge amount of over 1 billion XRP.

🔓 🔓 🔓 🔓 🔓 🔓 🔓 🔓 🔓 🔓 1,000,000,000 #XRP (192,008,043 USD) unlocked from escrow at Ripple Escrow wallet



Tx: https://t.co/ifOGHFVSbD — Whale Alert (@whale_alert) January 1, 2020

However, a higher percentage of them was later returned to escrow.

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