The Real Reason XRP Is Stuck: Analyst Blames Massive Trading Walls on Coinbase
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An analyst says large Coinbase-linked holders are pinning XRP’s price by placing opposing buy and sell walls on both sides of the market, implying centralized influence and potential manipulation risk for the token. XRP hovered around $1.51 after a rally that more than doubled the token from its early-August low, raising concerns about sustainable price discovery and market impact for crypto investors and exchanges.
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An analyst has claimed that large Coinbase-linked holders are pinning XRP’s price with the buy and sell walls on both sides of the market.
Their thesis landed as the Ripple token hovered near $1.51, holding a tight range after a rally that more than doubled the asset’s price from its early-August low.
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