- Unverified claims against Coinbase affecting XRP circulate.
- No formal acknowledgment from Coinbase leadership.
- XRP experiences resistance at $1.20 amid claims.
Allegations of XRP price manipulation by Coinbase surfaced, initiated by community analyst Stern Drew, analyzing on-chain data. No official responses from Coinbase or regulatory confirmations have emerged as of September 6, 2025.
The allegations underscore market concerns over institutional manipulation and its impact on XRP’s value, reflecting broader apprehension within the cryptocurrency ecosystem about exchange practices and regulatory oversight.
The cryptocurrency community is currently abuzz with accusations against Coinbase, Inc., involving alleged XRP price manipulation. These claims are primarily driven by XRP community analysts and have yet to be verified by recognized institutional bodies or key leadership figures.
Coinbase has not released any statements directly addressing these accusations. Analysts like Stern Drew cite on-chain data to support claims, while Chris Larsen’s movements have added to the speculation. Formal sources have remained silent on the matter.
These allegations have sparked significant discussion within the cryptocurrency market. Despite the lack of official confirmation, XRP’s recent price actions, particularly its resistance at the $1.20 mark, are scrutinized through an analytical lens by community members.
Financial observers note potential impacts on XRP market sentiment. Claimed manipulative activities could influence institutional decision-making, yet no direct effect on broader cryptocurrency trends is currently observed. Key financial metrics remain stable outside the direct XRP circle.
The absence of formal statements has not dampened community discourse. Speculation and analysis continue to shape narratives around potential manipulative strategies. This claim spotlights the ongoing challenges in prioritizing transparent market practices in the industry.
Moving forward, market participants await evidence or comments from significant figures to clarify these allegations. Regulatory responses could influence the dynamics surrounding digital asset compliance. Historical market trends suggest potential price rebound patterns despite current sentiments.
“Coinbase’s XRP outflows show a 0.87 correlation with failed rallies at $1.20—coordinated suppression benefits institutions buying OTC.” – Stern Drew, XRP Community Analyst
