- A viral post suggested XRP’s price might be intentionally suppressed, citing Ripple’s sales, network activity, and historical price trends.
- Attorney Bill Morgan debunked those claims, explaining Ripple’s escrowed holdings don’t distort the market and that the SEC found no evidence of manipulation during its lengthy investigation.
- Morgan emphasized that XRP’s price continues to follow broader crypto market trends, making the suppression theory unlikely.
So, there’s this post making the rounds on crypto Twitter, and yeah—people are divided. It’s sparked a wave of speculation, with folks asking: Is XRP being deliberately suppressed? Like, is it just the SEC lawsuit? Or is there something sneakier going on?
What’s the Deal?
The original post kinda threw fuel on the fire. It pointed to Ripple’s monthly XRP sales, some odd network activity, and historical price patterns (especially that wild 2017 rally). The post even referenced a study claiming there’s a negative correlation between XRP’s network transactions and price action. That’s… odd, right? Naturally, it didn’t take long for the crypto community to spiral into debate—some saying it’s fear-mongering, others insisting it’s a real concern.
A Voice of Reason?
Enter Bill Morgan—lawyer and longtime XRP supporter—who stepped in to calm things down. First off, he said that whole “Ripple owns 43% of XRP” claim? Not accurate. According to CoinMarketCap, about 58.5% of the supply is actually circulating. The rest? A good chunk is locked up in escrow, not just floating around for Ripple to dump.
Morgan also pointed out that Ripple’s monthly sales from escrow are just a small slice of the total volume, and honestly, don’t move the needle on price. He even reminded folks that the SEC dug deep—like 18 months deep—before filing the lawsuit. If Ripple was cooking the books or manipulating price? That info would’ve come out already.
History Repeats Itself (Kinda)
Morgan made another good point: XRP tends to move in sync with the broader crypto market. It’s not out here doing its own thing. For the past four years or so, it’s pretty much followed Bitcoin and Ethereum’s lead. So if XRP’s lagging, it might just be the market… not some elaborate suppression plot.
