Bill Morgan Says XRP Escrow Release Won’t Move Price, XRP at $3.22
XRP is under fire again after the Ripple lawsuit settlement, with critics saying the recent escrow release will tank the price.
Quick overview
- XRP faces criticism over the recent escrow release, but pro-Ripple attorney Bill Morgan argues it supports market stability.
- Morgan emphasizes that XRP's finite supply is a strength, comparable to Bitcoin's scarcity, while offering greater utility.
- The Ripple lawsuit settlement is expected to attract institutional interest and boost demand for XRP, potentially leading to new price highs.
- Regulatory clarity from the settlement is anticipated to enhance investor confidence in XRP as a high utility altcoin.
XRP is under fire again after the Ripple lawsuit settlement, with critics saying the recent escrow release will tank the price. Pro-Ripple attorney Bill Morgan says that’s not the case, the release is part of Ripple’s long term plan to maintain market stability and predictable supply.
Morgan notes that CEO Brad Garlinghouse has been saying for years that escrow is good for regulated supply and investor confidence. “Even after 8 years the release of XRP from escrow doesn’t explain big price swings” Morgan said.
- XRP price: $3.22
- Escrow release: scheduled and predictable
- SEC stance: escrow is good for market stability
Bitcoin Has No Moat
Some Bitcoin maximalists have been saying XRP is a centrally issued pre-mined asset and lacks the scarcity and mining costs that make Bitcoin “hard money”. Morgan says XRP’s finite supply is a strength like Bitcoin’s scarcity.
He explains that hard money is about durability, divisibility, scarcity, security and stability. In those areas XRP is on par with Bitcoin, but has more utility in transactions and corporate adoption. That challenges the narrative that Bitcoin’s model automatically gives it an advantage.
- XRP: finite supply means scarcity
- Utility: faster and cheaper than BTC
- Corporate adoption: growing globally
Settlement Will Trigger Institutional Interest
Morgan thinks the Ripple lawsuit settlement will get corporate attention back on XRP and increase demand for the XRP Treasury. Analysts are saying with a predictable supply and post settlement clarity XRP could go to new highs above $3.22.
The settlement also emphasizes the importance of regulatory clarity, which will give institutional and retail investors more confidence. With XRP’s supply controlled and utility growing many see it as a high utility altcoin.
- XRP Treasury: corporate interest will come
- Market outlook: new all time highs
- Investor confidence: stronger post settlement
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