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.

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 decode pic.twitter.com/yGrxPRku2l

— Stern Drew (@SternDrewCrypto) September 5, 2025

Lawyer Responds to Manipulation Claims

Reacting to these claims, pro-XRP attorney Bill Morgan acknowl…

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