Will Ripple prices tank because Ripple Co founder is continuously selling them

[akhjob]

He sold 54million ripple and still I can't even noticed any huge dump in ripple price, hell yeah ripple is not a bad coin after all, it's a good coin worth holding for long term.

Ripple as a company is doing good by selling XRP tokens to financial institutions and partnership acquisition. They actually don't care about the XRP holders and constantly release XRP into the market. It seems that over 63% of the XRP Telegram community members have left and some unhappy holders seem to have threatened to fork XRPas per decrypt. So XRP is definitely not a good asset to hold long term.

I ask you now when ripple was doing an agreement to sell XRP coin to the financial institution? AFAIK what has already sold by ripple was the xrapid or in this case related to the ripple technology (e.g. ripple blockchain)
The financial institution will never buy such security coin like XRP coin. Where are you getting that news or rumour?

It's just old news. Brad Garlinghouse himself has admitted that they sell XRP to financial institutions at a discounted price back in 2019. You check the news here: https://cryptonews.com/news/ripple-is-selling-xrp-at-a-discount-to-some-institutional-bu-4645.htm
As you can see Ripple as a company is profiting and it's shareholders are profiting, the ones those who are left out are the XRP holders.

[South Park]

According to the article link quoted below Ripple Co-founder Jed has been continuously selling his ripple coins, and in April he sold around 54 million worth ripple coins. It’s also pertinent to note that he’s given a statement where he says that he’s indeed selling them, but he has no intention to harm the coin or the market. However would you be comfortable to hold onto such a coin, because I’m starting to have second thoughts about holding them. Further what do you’ll think of his sales will it indeed harm ripple, or it won’t have any negative impact on ripple prices in the long run.

Ripple co-founder Jed McCaleb sold more than 54 million XRP in April and still has billions left to sell, according to his wallet activity.

McCaleb told Cointelegraph that he has been selling his XRP “at a slow, steady rate” and has no desire to “negatively impact other companies in this industry.”

Source:

https://cointelegraph.com/news/ripple-co-founder-jed-mccaleb-sold-54-million-xrp-in-april

On the big scheme 54 million is not really a lot of money for ripple and if he is selling those coins in order to help the future development of the coin then it could be acceptable that he is doing such thing, but if all or even the majority of that money is going to his wallet just to enrich himself then that is without a doubt a problem because if this continues people are going to see this as a clear message that one of the founders of ripple doesn't really trust in his coin and could eventually push the price down.

[StephenJH]

In my humble estimation, every new investor just wants to hold Ripple, there is a huge demand for Ripple. But as you above said if they start selling off Ripple, no doubt there will be an impact on Ripple, but not a big impact. For me Ripple is the best for holding long-term, it is really worthwhile to invest in Ripple. I see the nonsense arguments about the centralization but come on people, which coins are decentralized are the altcoins no one has intention to invest. The people and CEO behind the Ripple project did their best for making new partnerships with Moneygram and they are successful now. What about the competitors? Which side of the X competitor is better than this partnership news of Ripple?

[makishart]

In my humble estimation every investor just wants to hold Ripple, there is a huge  demand for Ripple. But as you above said if they start selling off Ripple, no doubt there will be an impact on Ripple, but not a big impact. For me Ripple is the best for holding long-term, it is really worthwhile to invest in Ripple.

Huge demand for what? The former of co founder ripple has started to sold his chunk and another big problem has come when the agreement for the lock up period of ripple foundation premined coin has already ended.
This coin has no future just more and more coins dumped anytime. it's not even the best choice for short or long term.