Bill Morgan Asserts Ripple vs SEC Case No Longer Moves XRP Price

Renowned crypto attorney Bill Morgan has offered a fresh analysis of the Ripple vs SEC lawsuit, stating that the case’s outcome will no longer influence XRP’s market value.

According to Morgan in a recent post on X, the prolonged nature of the lawsuit has already absorbed any price volatility that might have resulted from a favorable ruling.

He pointed to past predictions from analysts and even major institutions like JP Morgan, which previously suggested XRP could see significant gains if Ripple emerged victorious.

However, Morgan now argues that such expectations are outdated. Substantially relevant to the price dynamics, the legal battle that had a significant implication on the value of the digital asset was no longer that influential.

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Morgan noted an interesting fact: a number of big changes in the case over the past 18 months did not significantly and long-term affect XRP’s achievement in price behavior.

Nevertheless, even when it seemed that Ripple was winning its case, the price of XRP was closely linked to the performance of the wider industry and macroeconomic developments. Such a disconnection has prompted a number of observers to think the case has lost its market-moving thrust.

Morgan was therefore able to conclude that most of the legal uncertainty over XRP had already been priced into the market. The excitement and enthusiasm that shrouded every legal change have ceased to exist.

Accordingly, since one way or another, the ultimate conclusion will not have much significant impact on the price movement.

ETF Speculation Emerges as New Price Driver for XRP

While the lawsuit’s influence has diminished, attention has shifted toward a new potential catalyst for XRP’s price movement. Market participants are now focused on the possibility of a spot XRP exchange-traded fund receiving regulatory approval.

Applications from top asset managers, including Grayscale and Franklin Templeton, are currently awaiting review by the United States Securities and Exchange Commission. Numerous members of the XRP community consider the possible ETF approval to be one of the focuses that might resurrect interest and demand in the token.

ETFs Spot are a controlled gateway to digital assets, especially to institutional investors willing to invest in the crypto market. BTC received new bull momentum in early 2024 with the successful launch of BTC ETFs. According to analysts, the same case might be realized with XRP, should it be approved.

Currently, XRP prices resemble the general tendency in the cryptocurrency market rather than movements associated with a specific case. This change highlights how the market places less emphasis on legal drama and more on regulatory innovation.

Conclusion

Bill Morgan’s assessment highlights a broader shift in how XRP’s price is influenced. Legal outcomes have faded in significance, while regulatory milestones such as ETF approvals now command more attention.

XRP’s future price movements may rely less on courtrooms and more on institutional access and market infrastructure.

Also Read: XRP Forms Mysterious “Silent Candle” Below Key Resistance—Big Move Ahead?

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