Bill Morgan Says SEC Lawsuit Can No Longer Explain XRP’s 60% Price Decline
Pro-XRP lawyer Bill Morgan has argued that the U.S. Securities and Exchange Commission’s (SEC) lawsuit against Ripple can no longer be used to explain XRP’s prolonged price weakness, pointing to the token’s decline even after the legal dispute was resolved in August 2025.
In a post on X, Morgan said XRP had dropped 45% over the previous 12 months and approximately 60% since the litigation was resolved on August 7, 2025. He argued that favorable legal developments had repeatedly generated temporary price gains but had not produced sustained market momentum.
“The lawsuit cannot be an excuse all the time for $XRP’s current price. That excuse is getting quite old,” Morgan wrote.
Bill Morgan Questions XRP’s Post-Lawsuit Performance
Morgan acknowledged that developments favorable to Ripple during the legal battle had supported XRP’s price at various points. However, he characterized the lawsuit as an “overrated and exaggerated excuse,” arguing that rallies associated with legal progress were largely reversed afterward.
The lawyer also questioned whether the conclusion of the case had delivered a lasting benefit to XRP holders. The token traded above $3.60 in July 2025, but its price had already begun reversing by the time the cases ended in August that year, according to the account.
Morgan suggested that expectations surrounding a settlement had contributed more to XRP’s earlier price appreciation than the final resolution itself. Much of those gains subsequently disappeared, with XRP trading approximately 60% below its price around the time the litigation ended, as described in the report.
His argument challenges the view that regulatory uncertainty was the main factor behind XRP’s relative underperformance. In Morgan’s assessment, the end of the lawsuit has weakened the case for continuing to attribute the token’s price struggles primarily to the legal dispute.
Digital Asset Investor Highlights the SEC Lawsuit
Morgan’s comments came in response to XRP influencer Digital Asset Investor, who argued that the legal battle had placed XRP at a disadvantage compared with other major cryptocurrencies.
Digital Asset Investor noted that XRP was the only digital asset on a referenced list to have faced a five-year SEC lawsuit. He also claimed that XRP had previously overtaken Ethereum and was moving toward Bitcoin before the regulatory attacks began.
The influencer referred to conversations with Ripple representatives at Evernorth’s Nasdaq listing, saying he received a clear message that the obstacles facing the company had been eliminated.
“All roadblocks have been removed,” Digital Asset Investor wrote.
XRP Trades Below Its 2018 Peak
The debate followed data showing XRP trading at around $1.33, approximately 62.5% below its January 2018 peak. Bitcoin, Ethereum and several other leading cryptocurrencies, meanwhile, were trading well above their respective highs from 2017 and 2018, according to the source material.
The contrasting views reflect an ongoing disagreement within the XRP community over how much responsibility the SEC lawsuit bears for the token’s performance. Digital Asset Investor maintains that the legal fight created a disadvantage for XRP, while Morgan argues that the lawsuit’s resolution failed to deliver lasting price gains and can no longer indefinitely account for the token’s weakness.
source: thecryptobasic
Writer: Ethan Collins
Crypto Journalist
Ethan Collins reports on developments across the cryptocurrency and blockchain sector. His work covers market movements, protocol updates, regulatory changes, and emerging trends in digital assets.
He focuses on presenting complex topics in a clear and accessible manner for a broad readership.
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