A recent post from an anonymous user has sparked a new discussion in the XRP (XRP) community, prompting speculation about potential factors influencing the cryptocurrency’s price besides the impact of the resolved SEC lawsuit against Ripple.
The post raises allegations of coordinated manipulation and highlights Ripple's significant XRP holdings, monthly sales, and institutional participation as factors that could be influencing XRP's price.
Following the SEC's lawsuit against Ripple in December 2020, which focused on claims that Ripple sold XRP as an unregistered securities offering, XRP's price took a significant hit. However, now that the lawsuit is close to conclusion, there are doubts about whether other factors are suppressing XRP's performance.
The post questions whether Ripple's large XRP holdings, ongoing XRP releases from escrow, and involvement in On-Demand Liquidity transactions are intentionally capping XRP's price growth. There are concerns about certain wallets holding substantial XRP amounts and their impact on price drops, raising suspicions of manipulation.
Despite correlations between these movements and price decreases, concrete evidence of deliberate control remains elusive. The post also mentions a study suggesting a negative link between transaction structure and price, indicating the potential influence of network dynamics on XRP's value.
Speculations range from big banks buying XRP at low prices to theories about institutions wanting cheap XRP before wider adoption. Additionally, the post highlights fluctuations in network activity during price rallies, hinting at market distortion concerns.
In conclusion, while suspicions of XRP price suppression persist within the community, there is a lack of definitive evidence beyond the SEC case. Attorney Bill Morgan has refuted claims of Ripple's dominance in the XRP supply and emphasized the limited impact of Ripple's monthly sales on price. Despite these clarifications, the debate surrounding XRP's price outlook continues among analysts and community members.