Coinbase Accused of Manipulating XRP Price, Community Debate Intensifies

According to Drew, Coinbase’s XRP balance dropped sharply over the summer — from nearly one billion tokens in June to less than a third of that amount by late August. The number of wallets holding XRP on the platform also shrank, falling from 52 to just 16. He suggested that these changes coincided with moments when XRP repeatedly failed to clear the $1.20 resistance level.

The claim goes further: Drew believes that the exchange moved XRP into multiple wallets and sold during low-liquidity windows, directing some of the flow toward OTC desks with ties to large financial institutions. In his view, such a strategy would make it easier for institutions to accumulate XRP at cheaper prices.#xrp #Xrp🔥🔥 #XRPRealityCheck #XRPPredictions #XRPGoal