Coinbase XRP Reduction Fuels Rumors, Lawyer Says Price Stable
- Alleged Coinbase cut XRP holdings by 69%, with a 0.87 correlation to price caps.
- Lawyer Bill Morgan disputes alleged manipulation, saying XRP follows typical market trends.
- XRP stays above $2.65 support; a breakout above $3.10 could confirm the bullish trend.
Speculation is growing in the crypto community that Coinbase may be manipulating the price of XRP. It intensified after an investor claimed on-chain data revealed that Coinbase slashed its XRP holdings, cutting its stash from around 780 million tokens to just 199 million in recent weeks, a massive 69% reduction. XRP supporters even presented an “XRP Suppression Index,” which showed a strong 0.87 correlation between Coinbase’s sell-offs and XRP price caps.
— Stern Drew (@SternDrewCrypto) September 5, 2025
COINBASE IS MANIPULATING XRP
XRPScan data shows Coinbase cut its stash from 780M → 199M XRP in weeks – a 69% slash.
Once the 5th-largest holder, they’re now barely in the top 10.
This isn’t normal selling. It looks like coordinated manipulation. Let’s decodepic.twitter.com/yGrxPRku2l
Lawyer Responds to Manipulation Claims
Reacting to these claims, pro-XRP attorney Bill Morgan acknowl…
The post Coinbase XRP Reduction Fuels Rumors, Lawyer Says Price Stable appeared first on Coin Edition.
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Coinbase XRP Reduction Fuels Rumors, Lawyer Says Price Stable
- Alleged Coinbase cut XRP holdings by 69%, with a 0.87 correlation to price caps.
- Lawyer Bill Morgan disputes alleged manipulation, saying XRP follows typical market trends.
- XRP stays above $2.65 support; a breakout above $3.10 could confirm the bullish trend.
Speculation is growing in the crypto community that Coinbase may be manipulating the price of XRP. It intensified after an investor claimed on-chain data revealed that Coinbase slashed its XRP holdings, cutting its stash from around 780 million tokens to just 199 million in recent weeks, a massive 69% reduction. XRP supporters even presented an “XRP Suppression Index,” which showed a strong 0.87 correlation between Coinbase’s sell-offs and XRP price caps.
— Stern Drew (@SternDrewCrypto) September 5, 2025
XRPScan data shows Coinbase cut its stash from 780M → 199M XRP in weeks – a 69% slash.
Once the 5th-largest holder, they’re now barely in the top 10.
This isn’t normal selling. It looks like coordinated manipulation. Let’s decode
Lawyer Responds to Manipulation Claims
Reacting to these claims, pro-XRP attorney Bill Morgan acknowl…
The post Coinbase XRP Reduction Fuels Rumors, Lawyer Says Price Stable appeared first on Coin Edition.
Read More
XRP Will Trade for $7 to Match Elon Musk’s Net Worth – Analysts