XRP price is trading at $1.36 amid renewed controversy that could rattle institutional confidence and prediction in the asset, and in the exchange that hosts much of its volume. The allegation isn’t new, but its timing is pointed.
Ripple CTO David Schwartz first raised the pay-to-list claim in 2023, and it’s back in circulation with fresh teeth. What happens next at the $1.27 support level may answer a question the chart has been asking for weeks.
Crypto commentator Pumpius reignited the dispute on X, citing Schwartz’s earlier claim that Coinbase demanded millions in listing fees before agreeing to carry XRP. According to the account, Ripple initially refused, and the asset sat off-platform until a deal was struck.
Once listed, XRP allegedly drove approximately 20% of Coinbase’s revenue. Pumpius called it “a classic pay-to-play shakedown in the ‘decentralised’ crypto world.” At least one other X user escalated further, using the word extortion directly.
Whether the allegation is verified or an amplified rumor, the market is watching. XRP’s technical picture was already fragile before this news cycle added sentiment pressure.
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XRP Price Prediction: Can Ripple Hold $1.27 Support as Listing Controversy Clouds Outlook?
XRP is consolidating in a tight band between $1.32 and $1.36, flagging capitulation signals in a market that displays bearish sentiment. The near-term structure is defensive. Volume has not confirmed any directional conviction, and momentum indicators point to a market waiting.
Key levels to monitor:
- Critical support: $1.27, the 23.6% Fibonacci retracement, and the bear market floor most analysts reference
- Near-term resistance: $1.42, the 61.8% Fibonacci retracement; a confirmed close above this level would signal a structural shift
- Upper resistance zone: $1.78, with approximately 1.85 billion XRP accumulated here, creating a supply ceiling
The Coinbase allegation adds a narrative overhang that technical levels alone can’t price in. XRP’s broader price trajectory has survived worse, but the combination of weak technicals and renewed institutional distrust is a hostile setup. Price action around $1.27 in the coming sessions will be the tell.
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XRP’s current ceiling problem, heavy supply at $1.76–$1.80, bearish momentum, and a controversy that won’t quiet down, illustrate a recurring dynamic in crypto: established assets attract scrutiny and structural resistance simultaneously.
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This article is not financial advice. Crypto assets are volatile. Always conduct your own research before investing.
