XRP News Today: Ripple Legal Win Drives 13% XRP Surge and Boosts Institutional Interest

XRP saw a notable 13% price increase, reaching $3.35, following Ripple’s recent legal victory over the U.S. Securities and Exchange Commission (SEC). The win has sparked renewed interest in XRP, with trading volume rising by 168%, signaling a potential shift in investor sentiment. Bill Morgan, a prominent legal advocate for XRP, emphasized that the ruling legally confirms XRP is not a security and marked the resolution of long-standing regulatory uncertainty surrounding the asset.

Morgan criticized Bitcoin maximalist figures such as Michael Saylor, who has argued that only Bitcoin should be considered a commodity. Saylor’s position, which dismisses all other cryptocurrencies as securities, has drawn strong opposition from Morgan and others within the XRP community. Morgan described Saylor’s stance as “misguided and wrong” and reiterated that XRP’s legal status is firmly established. He pointed to Ripple’s prior sales of XRP—both programmatic and institutional—as having been legally settled with the SEC, further reinforcing the token’s legitimacy.

In response to ongoing tensions with Bitcoin maximalist groups, Morgan highlighted what he described as the use of offensive language by some Bitcoin supporters toward the XRP community. He labeled Bitcoin maximalists as “the most dishonest people I have ever come across,” based on his experience in consumer fraud and misleading conduct. The rhetoric from Bitcoin maximalist circles, according to Morgan, has only fueled broader debates over the role of alternative cryptocurrencies in the crypto market.

The legal victory, according to Morgan, serves as a significant milestone in Ripple’s long-standing battle with the SEC. He characterized the lawsuit as a “collateral attack” on XRP and praised the resilience of the Ripple community in standing firm against legal pressure. The win has also raised speculation about the potential filing of an XRP-centered ETF, possibly by an institution such as BlackRock, which could further enhance XRP’s market standing.

Despite some skepticism within the Bitcoin community, Morgan continues to champion XRP, citing its impressive 50,929% return since its creation. He argues that this substantial gain demonstrates the token’s potential and counters claims that XRP investors are vulnerable to manipulation or fraud. His advocacy has contributed to a growing sense of confidence within the XRP community, particularly in the wake of the recent legal clarity.

The legal developments and corresponding price movement suggest increasing institutional and retail interest in XRP. Ripple’s continued efforts to engage with regulators and clarify XRP’s status have helped create a more stable environment for investors. As the broader crypto market continues to seek assets with clearer regulatory profiles, Ripple’s victory may encourage wider adoption and further developments in the digital asset space.

Source:

[1] Pro-XRP Lawyer Slams Bitcoin Maxi Michael Saylor After Latest Ripple Lawsuit Win (https://coingape.com/pro-xrp-lawyer-slams-bitcoin-maxi-michael-saylor-after-latest-ripple-lawsuit-win/)

[2] XRP Lawsuit Victory Sparks 13% Price Surge (https://www.kryptovaultdaily.com/xrp-lawsuit-victory-sparks-13-price-surge-as-legal-expert-confronts-bitcoin-critics/)

[3] Ripple Legal Win Sparks Bill Morgan's Strong Response to Bitcoin Maximalists (https://moneycheck.com/ripple-legal-win-sparks-bill-morgans-strong-response-to-bitcoin-maxis/)