Pro-XRP Lawyer Debunks Coinbase ‘Manipulation’ Theory With Cold, Hard Facts (and a Dash of Sarcasm) 🤔

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Ah, the drama of the crypto world. Once again, we find ourselves knee-deep in a fresh batch of conspiracies, this time about Coinbase and its supposed plot to manipulate the price of XRP. Let’s buckle up, shall we? 🚀

The Crypto World Spins Its Web of Conspiracy

Coinbase, that ever-reliable exchange we all love to hate, has drastically reduced its XRP holdings-dropping a jaw-dropping 69% since the second quarter of 2025. I know, I know. This seems suspicious. But don’t get too carried away just yet, folks. Analysts believe this move points to institutional outflows, but some have taken it a step further and started calling it ‘manipulation’. Drama, drama, drama!

In the latest episode of Crypto Conspiracy Theater, an account on X (formerly Twitter, but who’s counting?) named Stern Drew claims that Coinbase’s sell-offs are part of a grand plot to suppress the price of XRP. Why? Because, obviously, every big exchange has a hidden agenda to mess with one random altcoin’s price. According to Drew, around 40% of those XRP outflows were funneled through OTC desks linked to big Wall Street institutions, with the timing of these transactions allegedly coinciding with dips in XRP’s value. Oh, and did we mention that most of these sales were made during low-liquidity trading hours? Spooky, right? 🕵️‍♂️

The conspiracy even goes deeper, suggesting that some of the XRP may have ended up in the hands of BlackRock-linked custodial wallets. Because, of course, it wouldn’t be a good crypto conspiracy without a big financial institution somewhere in the mix. 🍿

Bill Morgan – The Man with the Cold Hard Truth

But wait-before you start writing your conspiracy theory-filled novel, enter Bill Morgan, the pro-XRP lawyer who’s here to pour cold water on the fire. Morgan, ever the voice of reason (and sarcasm), quickly dismissed the idea that Coinbase is actively manipulating XRP’s price. He points out that XRP has been behaving in its typical chaotic way for years-long before Coinbase even delisted it in January 2021. Of course, the price did whatever it wanted regardless of Coinbase’s stance. But sure, let’s blame Coinbase for all of XRP’s woes! 🙄

“What a theory!” Morgan quipped, before reminding everyone that XRP’s market movements are not some secret plot cooked up by Coinbase. No, folks. XRP’s roller-coaster ride seems to be more about general market trends than any coordinated suppression by the exchange. Shocking, right? Who could’ve guessed that market forces might be at play instead of a grand conspiracy? 🤷‍♂️

For those of you still holding onto your tin foil hats, here’s a reality check: XRP has been trading within a very predictable range-$2.8 to $2.9-for the past week. Sure, it slipped below $3 at the end of August, but it’s holding steady above $2.8 like a champ. The real action? It’s at the $3.10 level. Break that barrier, and maybe, just maybe, we’ll see the bulls come charging back. Until then, XRP is likely to keep trudging along in this narrow corridor. But who knows? Maybe Coinbase will throw in another curveball for good measure. 🙃

As of now, XRP is holding strong at $2.82. Let’s see what tomorrow brings, folks!

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2025-09-07 20:12