The Ripple Rumors: Is XRP’s Price Really Being Suppressed? The Myth Debunked!

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Ah, the magical world of cryptocurrency, where facts and rumors dance together like confused ballroom partners at an intergalactic disco. A recent social media post has caused a fresh bout of crypto-community debate—nothing says “good morning” like a sprinkle of drama and speculation. The post raised the question: Is XRP’s price secretly being crushed under the weight of something more sinister than just the SEC lawsuit? Well, let’s dive into this frenzy, shall we?

What Was Said?

So, what exactly got the crypto universe all hot under the collar? The post suggested that Ripple’s monthly XRP sales, some strange network patterns, and the unforgettable price rollercoaster of 2017 were all signs of a hidden hand suppressing XRP’s price. It even pointed to a study (because who doesn’t love a good study?) claiming there was a negative correlation between XRP’s transaction network and its price performance. This, of course, led to a full-on crypto conspiracy theory—because when in doubt, blame the invisible cabal. 😏

Expert Clears The Air

Enter Bill Morgan, a legal expert who, despite not wearing a cape, has decided to save us all from this maelstrom of nonsense. He graciously stepped in to explain that, well, the post was “not quite accurate.” In fact, he pointed out that Ripple doesn’t actually own 43% of the XRP supply (the post’s figure was, shall we say, a bit off). According to CoinMarketCap (that trustworthy oracle of numbers), Ripple’s actual share of the circulating XRP is about 58.5%. And no, Ripple isn’t hoarding the entire crypto world in a basement somewhere, they’ve got some of it safely tucked away in escrow. 🧐

But wait, there’s more! Bill also pointed out that the tiny fraction of XRP Ripple sells every month from escrow is such a minuscule part of the total market volume that it couldn’t possibly be responsible for any price manipulation. It’s like blaming a sneeze for a hurricane—don’t let the headlines fool you. 😷🌪

This post in the thread is over-generalized to begin with. Firstly, Ripple does not own 43% of the supply. Even @CoinMarketCap publishes that the circulating supply (excluding what Ripple holds outside escrow) is 58.5%.

Secondly, what Ripple releases from escrow and sells each month…

— bill morgan (@Belisarius2020) May 5, 2025

Bill, ever the voice of reason, also mentioned that the SEC spent a grand total of 18 months investigating Ripple before finally filing their lawsuit. If they had found anything remotely resembling price manipulation, you can bet your Bitcoin they would’ve used it as evidence in court. So, unless you believe the SEC is secretly in on the global XRP suppression plot, it’s probably safe to say the whole thing is a myth. 💼📉

And let’s not forget, XRP’s price has been following the same old pattern for years, trailing Bitcoin and Ethereum like a faithful (if slightly less glamorous) sidekick. For the past four years, it’s basically been business as usual—no secret handshakes, no price-suppressing shadow cabals, just a healthy dose of market dynamics. So, if you’re still clutching onto the notion of a hidden price-suppressing force, maybe it’s time to take a deep breath and let go of the conspiracy theories. 🚀

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2025-05-06 05:11