Recent posts on social media have sparked new debate in the crypto community, and have XRP prices been curtailed beyond SEC lawsuits? The post quickly goes viral, some calling it an unnecessary atmosphere of fear, while others suggest the possibility of manipulation of the market.
What was said?
The post claimed that it suggested potential price suppression during Ripple’s monthly XRP sales, unusual network patterns, particularly during XRP’s famous 2017 rally. We also cited studies that found a negative relationship between XRP transactional networks and price performance. Naturally, this raised a lot of questions within the crypto community.
Experts clear the air
However, lawyer and XRP supporter Bill Morgan explained that the post made several exaggerated claims. First of all, he revealed that Ripple does not own 43% of XRP’s supply, as the post suggested. According to CoinMarketCap data, around 58.5% of XRP is circulating, excluding what Ripple holds in escrow.
Morgan also said Ripple’s monthly sales from Escrow account for just a small portion of the total market volume and will not affect prices. In fact, the evidence presented in the SEC lawsuit revealed that Ripple had taken steps to support the price of XRP.
This post in the thread is generalized to begin with. First of all, Ripple does not own 43% of its supply. Even @CoinMarketCap exposes that the circulation supply (excluding ripple holes outside the escrow) is 58.5%.
Secondly, what Ripple releases from Escrow and sells monthly… https://t.co/xntbuhazj7
– Bill Morgan (@belisarius2020) May 5, 2025
He added that he spent more than 18 months investigating Ripple before the SEC filed a lawsuit, and that it would have been used in court if evidence of price manipulation existed. This makes it difficult to believe the claims of oppression, he argued.
With the situation even clearer, Morgan said XRP prices have historically followed the crypto market and are moving along Bitcoin and Ethereum. This trend has remained consistent over the past four years and has little changed to challenge that pattern.
