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Legal Expert Contests Claims of Lawsuit Restraining XRP’s Growth

Published 12/15/2023, 01:40 AM
Updated 12/15/2023, 01:45 AM
Legal Expert Contests Claims of Lawsuit Restraining XRP’s Growth
XRP/USD
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  • Bill Morgan contests the belief that the regulatory lawsuit impacted the price of XRP.
  • A researcher claimed XRP is poised for impact as its lawsuit is out of the picture.
  • Morgan argued the researcher’s view has failed to reflect reality since the July ruling.

Bill Morgan, a prominent attorney known in the crypto community for his pro-XRP stance, is now challenging the widely held belief among the XRP Army that the regulatory lawsuit significantly impacted the price of XRP.

In a recent tweet, a researcher from 3T Warrior Academy proposed that XRP is in the process of forming the most significant bull flag in crypto history. The key evidence supporting the anticipated XRP bull run, as highlighted by the researcher, revolves around XRP’s regulatory case.

According to the analysis, XRP has remained below its all-time high of $3.84 for 2,165 days, primarily due to the unregistered security classification it received in 2020. With the court ruling declaring that XRP is not a security, he expressed optimism for “brighter days ahead for XRP.”

Meanwhile, pro-XRP Bill Morgan disagreed with this perspective. He argued that those believing the lawsuit is respo…

The post Legal Expert Contests Claims of Lawsuit Restraining XRP’s Growth appeared first on Coin Edition.

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