XRP Price Suppression? You Won’t Believe What’s Behind These Wild Conspiracy Theories! 😱

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Once again, the slumbering menagerie of XRP enthusiasts finds itself roused by a pseudonymous theorist — whose sole accomplishment, if we’re honest, is restarting the circular argument about why XRP’s price languishes inconsolably, regardless of regulatory meteor strikes or Ripple’s relentless optimism. Nothing perks up a community like fresh accusations of dark forces at work!

The latest suspect lineup? Ripple’s own bulging vaults stuffed with unspent XRP, their monthly liquidations, shadowy cabals of institutional whales, and so forth. Whispers of manipulation swirl around these points — though, as with all good conspiracies, the evidence is as insubstantial as the average influencer apology.

Why Is XRP Behaving Like a Sullen Debutante? 🤔

Recall, back in the wintry gloom of December 2020, the folks at the SEC lobbed a lawsuit at Ripple. Their contention? That Ripple had done the financial equivalent of sneaking bottles of sherry into the school dormitory — i.e., unregistered securities sales with XRP. The legal wrangling dragged on like a country house weekend, sapping all mirth from the coin’s price.

“It didn’t just slow XRP down — it stole years of growth. While the market soared, XRP sat sidelined,” opined our masked chronicler, tea presumably spilling everywhere.

Despite Ripple’s brave jousting of late, much of the XRP community now suspects that more insidious hands are keeping the price in check. Think The Mousetrap, but with fewer corpses and more exclamation marks in chatrooms.

“The Big Question. The SEC lawsuit clearly impacted XRP’s price. But what if that’s not the only force keeping it down?” asks our narrator, perhaps from behind a voluminous cloud of suspicion.

Let us peruse the Five Horsemen of the XRP Pricepocalypse: To begin, Ripple stands accused of hoarding an Escrow of Doom — 43 billion XRP, trickled out monthly in a ritual reminiscent of a stately, but ultimately pointless, ball dispenser. This, the theorist argues, could be the velvet rope limiting XRP’s social ascent.

Is this price-muzzling purposeful? Ripple’s CTO responded with a flat “no”, adding that ODL transactions are as price-neutral as a cucumber sandwich at a vicarage tea. The back-and-forth does little to quell the worries, because…

…Then, attention veers to mysterious minor wallets clutching absurd quantities of XRP. Whenever these goliaths deign to transact, everyone’s portfolio suffers an immediate fainting spell. Suspicion flourishes like fungus on a public school bathroom wall.

Alas: pattern, yes. Proof? None so far — though, should evidence ever emerge, half of Twitter will claim they knew all along.

The plot thickens! A scholarly report appeared, boasting a negative correlation (specifically –0.73) between transaction structure and price — not quite the smoking gun, but enough to keep the tinfoil hat market brisk.

“Speculation runs deep — some believe big banks are buying low while spreading doubt. Institutions want it cheap before mass adoption! Is it outlandish? Certainly — but such things tend to stick to XRP like paste on a prep school wall,” reads the now-legendary post.

Not to be outdone, our commentator also unearthed data from 2017, when activity bubbled, but certain clusters dwindled, and a mere handful of nodes ruled the playground. Result: renewed uproar, and more charts than the average Bond villain’s lair.

“In my opinion, most of this is just rumor, speculation, and pattern-chasing. There’s no hard proof of XRP price suppression beyond the SEC case. But the community’s suspicions aren’t baseless — they’re just not backed by conclusive evidence… yet.”

There’s also the theory that Ripple’s alleged slow-price-burn is a stealthy, sun-tanned long game: keep things unimpressive, avoid prying gazes, and construct financial plumbing without rubberneckers noticing. Apparently, this is the financial equivalent of ‘hiding in plain sight’ — or falling asleep at the dinner table.

A Legal Eagle Spoils the Conspiracy Party 🕵️‍♂️

But wait! Enter Bill Morgan, attorney and mood-dampener, eager to curb the enthusiasm. Morgan matter-of-factly asserts Ripple does not, in fact, rule over 43% of the XRP supply. Figures, eh?

“Firstly, Ripple does not own 43% of supply. Even CoinMarketCap publishes that the circulating supply (excluding Ripple’s dragon-hoard in escrow) is 58.5%,” Morgan remarked, probably without spilling any drinks.

Translation: Ripple, while influential, isn’t the Bond villain many hope for. Their monthly escrow releases? Barely a drop in XRP’s ocean — less than 1% of monthly volume, which is almost enough to buy yourself a coffee at a blockchain conference.

He also points out, with lawyerly dryness, that after an SEC investigation lengthier than a British winter, no evidence of price tampering was uncovered. XRP’s performance, it turns out, is mostly just another actor in the cryptocurrency soap opera: prone to fits, following Bitcoin like a half-bored understudy, and occasionally disappearing from the plot altogether.

“There is no evidence of price suppression other than the chilling effect of the SEC lawsuit. Ripple’s own expert witness testified XRP largely follows the crypto herd — Bitcoin, Ethereum and whoever else is trending,” Morgan continued, shattering illusions as he went.

Will Morgan’s clear-eyed assessment puncture the conspiratorial souffle? Doubtful. As ever, the debate lumbers onward, growing as bloated and indignant as a debutante’s mother at a cash bar. Care for a mint?

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2025-05-06 14:44