TLDR

Ripple won a major legal battle against the SEC and XRP surged 13 percent to $3.35.
Bill Morgan confirmed that XRP is not a security and said the matter is legally settled.
XRP trading volume increased by 168 percent to more than 11 billion dollars after the ruling.
Bill Morgan criticized Bitcoin maximalists for repeatedly attacking XRP and its community.
Michael Saylor was called out for claiming all altcoins are securities except Bitcoin.

Ripple secured a major legal victory this week, and XRP surged 13% to $3.35 as trading volume jumped sharply. Pro-XRP lawyer Bill Morgan declared that the outcome of the lawsuit confirmed that XRP is not a security, ending years of uncertainty. He also sharply criticized Bitcoin maximalists, including Michael Saylor, for branding all altcoins as securities.

Ripple Lawsuit Settlement and XRP Price Surge

Bill Morgan stated that Ripple’s past programmatic and institutional XRP sales have now been legally settled with the U.S. Securities and Exchange Commission.

“These sales and distributions were lawful,” he said, affirming the clarity around XRP’s legal status.

This ruling comes after years of legal pressure that Ripple and its community have resisted.

https://x.com/Belisarius2020/status/1953575316741664814

XRP’s price rose to $3.35 following the news, marking a 13% daily increase alongside a 168% surge in trading volume. Analysts noted that this spike reflects renewed market confidence in XRP after the favorable legal outcome. Experts now expect further institutional interest, with some predicting a possible BlackRock XRP ETF application.

Morgan congratulated XRP holders for their persistence through what he called a “collateral attack against XRP” by the SEC. He emphasized that the decision should silence lingering doubts about XRP’s classification in the United States. This clarity could strengthen XRP’s standing in both retail and institutional markets.

Morgan Targets Bitcoin Maximalists and Michael Saylor

Morgan criticized Bitcoin maximalists for their persistent attacks on XRP and its community, citing repeated derogatory remarks. He singled out Michael Saylor, chairman of MicroStrategy, for calling all altcoins securities and only Bitcoin a commodity.

“XRP itself was, is, and forever will be, not a security,” Morgan wrote.

Bitcoin-only advocates have recently renewed their criticism of XRP, often using offensive language toward Ripple supporters. Some, like Adam Livingston, claimed Ripple plans to dump XRP through banks onto retail investors. He described XRP holders as “a financial abuse victim with Stockholm Syndrome.”

In response, Morgan highlighted XRP’s long-term gains since inception, noting a rise of over 50,000%. He accused some Bitcoin maximalists of dishonesty, saying, “People like these Bitcoin maxis are amongst the most dishonest people I have ever come across.” His comments reflect ongoing tensions between the Bitcoin and XRP communities.

Market Outlook for XRP

The recent ruling could pave the way for broader XRP adoption across institutional markets. Industry experts believe a BlackRock XRP ETF could accelerate such momentum. XRP’s legal clarity may also encourage regulatory discussions around other digital assets.

Traders are closely watching whether XRP can maintain its upward trajectory in the coming weeks. The combination of legal clarity and heightened trading activity suggests stronger market positioning for XRP. However, competition among cryptocurrencies remains intense, with community sentiment continuing to play a significant role.

The post Ripple Lawsuit Victory Spurs XRP Surge as Morgan Slams Bitcoin Maxis appeared first on CoinCentral.

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Filed under: News - @ August 8, 2025 12:31 pm