Bill Morgan: No Sign of Any XRP Supply Shock, But it Could Change Quickly

• Bill Morgan says XRP is showing clear short-term weakness, repeatedly failing at the $2.20 resistance.
• He argues there is “little evidence” that XRP ETF inflows have created any supply shock.
• Morgan says momentum could shift quickly, but for now, charts show typical behavior: Bitcoin leading with conviction.

Prominent pro-XRP lawyer Bill Morgan says XRP is showing notable weakness against Bitcoin and other major cryptocurrencies in the short-term, despite the ongoing narrative that XRP ETF inflows are creating a supply shock.

In a new analysis shared on social media, Morgan compared XRP’s 4-hour chart with Bitcoin’s, highlighting the difference in price strength following the latest market rebound.

XRP is once again hitting firm resistance around the $2.20 level, where the asset has been repeatedly rejected, while Bitcoin has pushed decisively higher toward the $94,000 region. XRP’s slower recovery, Morgan said, is “evident in comparison to the Bitcoin and Ethereum charts.”

Attached charts show Bitcoin rebounding sharply from the $83,827 region to above $94,000, posting a strong series of green candles. Meanwhile, XRP bounced from $1.98 but continues to encounter sellers below $2.22, forming a noticeably weaker upward structure.

“Little Evidence” of Any ETF-Driven Supply Shock—For Now

Morgan pushed back on the widely circulated claim that XRP’s recent ETF inflows have already triggered a supply crunch.

Also Read: The Truth About How the Real XRP Supply Shock Will Form – Analyst Breaks it Down

These 4 hour charts show that XRP seems to face real resistance at about $2.20 causing its price rebound to look weaker at this point than other top 10 coins. It is evident in comparison to the Bitcoin and Ethereum charts. It could change quickly.

It again shows that there is… pic.twitter.com/9A77FSpfHR

— bill morgan (@Belisarius2020) December 4, 2025

“It again shows that there is little evidence of any supply shock from the XRP ETF inflows impacting on XRP price in the short term,” he wrote, adding that while conditions could shift quickly, he sees no immediate signals on the charts.

Despite billions flowing into crypto ETFs over the past month, Morgan says XRP has not yet shown the type of structural divergence or explosive move that would indicate genuine supply stress.

Responding to Criticism: “The Charts Aren’t the Point—What They Show Is”

After a commenter mocked him for “chart fagging,” Morgan responded sharply, clarifying that the issue is not charting as a practice but the behavior visible on those charts.

He noted that many in the XRP community have spent weeks amplifying claims that ETF inflows would cause XRP to decouple from Bitcoin and surge independently. However, the data so far does not support that narrative:

“Short-term price action echoes price action of which many will be familiar,” he said. “XRP price falls when Bitcoin price falls, and when Bitcoin price rebounds, the XRP price rebound is weaker. This was a familiar pattern before November 2024.” He stressed again that while a supply shock is still possible in the future, “there is no evidence of it… on short-term charts.”

Could Momentum Shift Quickly?

Morgan emphasized that although XRP appears weaker at the moment, conditions can shift fast, especially in an ETF-driven environment where liquidity can accelerate abruptly. But for now, the charts show simple market behavior: Bitcoin rallying with conviction, and XRP lagging, just as it did in earlier cycles.

Whether XRP breaks firmly above $2.20 and signals a trend reversal may depend on whether ETF inflows begin meaningfully reducing liquid supply in the weeks ahead.

Also Read: Almost $1,000,000,000 XRP in Vaults – Here’s the Latest

The post Bill Morgan: No Sign of Any XRP Supply Shock, But it Could Change Quickly appeared first on 36Crypto.