A viral post on social media has reignited a long-standing debate within the cryptocurrency community: Is XRP’s price being suppressed beyond the well-known SEC lawsuit? The post claimed that Ripple’s monthly XRP sales, irregular network activity, and historical price behavior—especially the explosive 2017 rally—hinted at artificial suppression. Adding fuel to the fire, the post referenced a study linking XRP’s transaction network with negative price trends, triggering widespread speculation.
While some community members labeled the post as baseless fear-mongering, others viewed it as a red flag for potential market manipulation. The topic quickly gained traction, sparking fresh discussions across crypto forums and Twitter.
Bill Morgan Dispels “Suppression” Theory
Bill Morgan, a prominent attorney and vocal XRP supporter, was quick to respond. He dismantled several claims from the post, starting with the misconception that Ripple owns 43% of XRP’s total supply. According to CoinMarketCap, about 58.5% of XRP is currently in circulation—excluding Ripple’s escrow holdings.
Morgan emphasized that Ripple’s monthly XRP sales account for a very small portion of the overall trading volume and have no measurable effect on price movements. He further pointed to court documents from the ongoing SEC lawsuit, which revealed that Ripple took proactive steps—such as placing large amounts of XRP into escrow—to stabilize the token’s price.
This post in the thread is over generalised to begin with. Firstly, Ripple does not own 43% of supply. even @CoinMarketCap publishes that the circulating supply (excluding what ripple holes outside escrow) is 58.5%.
— bill morgan (@Belisarius2020) May 5, 2025
Secondly, what Ripple releases from escrow and sells each month… https://t.co/XnTBuHaZJ7
Price Trends Still Follow the Market
Morgan also addressed the broader market dynamics influencing XRP. He noted that XRP has consistently mirrored the movements of top cryptocurrencies like Bitcoin and Ethereum over the past four years. This correlation, he argued, undermines claims of unique price suppression and instead points to standard market behavior.
Also Read: Gemini Lists Ripple’s RLUSD Stablecoin as Adoption Surges Across 15 Exchanges
Additionally, he highlighted that the SEC conducted an 18-month investigation into Ripple before filing its lawsuit. If credible evidence of price manipulation had existed, it would have been included in the case, Morgan asserted.
As debates continue, one thing is clear: XRP’s price remains a point of intrigue for both critics and supporters. But without concrete evidence, claims of intentional suppression remain speculative.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
