The Real Reason XRP Is Stuck: Analyst Blames Massive Trading Walls on Coinbase

An analyst has claimed that large Coinbase-linked holders are pinning XRP’s price with the buy and sell walls on both sides of the market.

Their thesis landed as the Ripple token hovered near $1.51, holding a tight range after a rally that more than doubled the asset’s price from its early-August low.

Whale Walls and a Split Order Book CW posted a chart showing XRP consolidating between roughly $1.52 and $1.53, with heavy sell orders stacked above $1.70 and $2.00 and buy orders clustered just under $1.52.

“It is Coinbase whales that are controlling the price of XRP,” the account wrote, arguing that the walls are not there to push price up or down but to hold it in place, and tying the standoff specifically to US trading desks not yet ready for a rally.