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A viral post on X (formerly Twitter) recently showed that crypto lawyer Bill Morgan has been defending XRP against the criticism from other users. In a series of public exchanges on X, Morgan was seen presenting real-world use cases of XRP and the strength of its market capitalization.
Morgan Argues: XRP vs LINK
Recently, an X user said $LINK, the native crypto of the Chainlink Network, is making progress. He says that LINK is currently trading at $24 with a market capitalization of $16.82 billion. He further compares this market trading with XRP and suggests users to change their investment into LINK before it surpasses XRP.
Replying to that, Morgan shows the rising popularity of XRP in the crypto industry. He supports his argument by saying that major industry players like Tidal Trust II are entering the XRP ETF, as XRP’s market cap has crossed $169 billion.
He wrote, “Sophisticated players such as Tidal Trust II are applying today for XRP ETFs with a leverage strategy that even includes directly investing in other XRP ETPs.”
He also compared the market cap of LINK with Cardano (ADA), whose market cap is $31 billion. “I think you should more focus on flipping ADA, which is $13 billion away in market cap,” Morgan added.
Highlights Bullish Market in XRP
Previously, Morgan had highlighted the bullish market in XRP. He pointed out that the transactions and use cases of XRP demonstrate that it is fulfilling its intended role in providing liquidity.
He also pointed out XRP’s use in helping Gemini. He says XRP was used as a liquidity solution when Gemini faced challenges with traditional banking systems. Furthermore, Morgan emphasized that XRP and Chainlink serve different needs and are not in direct competition.
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Current Market Outlook for XRP
As of 2025, XRP is one of the top cryptocurrencies with XRPL’s impressive features of fast and efficient global financial transactions. It also saw a sharp price surge after the Ripple lawsuit ended. Analysts project further upward movement between $3.50 and $5.00 by the end of 2025.
However, the overall market of XRP has seen a pullback in August. It is currently trading around $2.87, which is approximately a 17% drop from last month.
Additionally, investors are also expecting a final decision by the SEC on the XRP ETF, which can significantly boost its price and adoption rate. Multiple crypto giants have filed for it, and the deadline for the decision is anticipated to arrive by October 2025.
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FAQs
Multiple crypto firms have filed for an XRP ETF. The SEC has delayed its decision until October 2025, and an approval could significantly impact the price of XRP.
XRP and Chainlink serve different purposes. XRP focuses on fast and efficient global financial transactions, while Chainlink provides data feeds for smart contracts.
Gemini used XRP as a liquidity solution when it faced challenges with traditional banking systems, demonstrating XRP’s real-world utility.
