The data from several blockchain trackers show that Coinbase has radically reduced its XRP participations, a decision that has surprised many cryptographic investors. Analysts Say such a huge reduction Underlines significant outings of institutional investors, but others have gone further by alleging manipulation. However, The pro-XRP lawyer Bill Morgan Poured cold water on these claims.
Coinbase manipulation rumors swirl on x
Coinbase based in the United States Recently reduced his hiding place Over 780 million XRP to just under 200 million in a few weeks. This results in a 69% reduction in exchange assets since the second quarter of 2025, including a 57% dive in only the last month. The magnitude of the decklessness has also changed the Coinbase ranking among the XRP exchange holders, sliding it from the fifth to barely in the top 10.
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A account on the social media platform X, known as Stern Drew, suggested that Coinbase Sales go with a deliberate strategy to remove the price of XRP. In a detailed thread, the commentator said that almost 40% of the outings were sent through over -the -counter offices linked to New York institutions and that the time for sales coincided with XRP price reductions in August.
According to the thread, more than 70% of the volume was discharged during low liquidity negotiation hours, while the fragmented routing across the wallets has masked the extent of the sales. The thread even suggested that part of the XRP ended up with Black Parting portfolio, a decision that indicates theories more theories on institutional participation.
Bill Morgan repels handling allegations
Bill Morgan quickly rejected the idea This coinbase actively handles the price of XRP. In his opinion, the theory neglects the fact that XRP has shown the same behavior throughout its history, including during the long section when Coinbase has radiated the asset and had no apparent influence on its market activity. Coinbase suspended XRP traffic in January 2021, but it was not until July 2023 that the cryptocurrency started to exchange on the United States based on the Stock Exchange.
“A sacred theory on the Coinbase being against XRP,” he said, before noting that the movements of the token today comply with its established trends. The suggestion of manipulation by Coinbase does not hold, because the action of XRP prices seems more reflecting the wider movement of the cryptography market than any deliberate abolition by exchange.
XRP was negotiated in a well -defined range between $ 2.8 and $ 2.9 in the last seven days. Although He lost the level of support at $ 3 While August was coming to an end, XRP has managed to maintain more than $ 2.8 since then, and this level has so far amortized to deeper losses.
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Uplining, the level of $ 3.10 is critical resistance to surveillance. A decisive break above this barrier could redo the momentum in favor of the Bulls. Until then, the price of XRP is likely to continue to consolidate between $ 3.10 and $ 2.8.
When writing the editorial’s moment, XRP is negotiated at $ 2.82.
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