Pro-XRP Advocate Ripple Can Easily Pay SEC Fines: Tells How
Ripple's XRP has now overtaken Binance (BNB) as the 5th largest crypto with its price hitting $1.91 and market cap approaching $109 billion. This increase comes after Ripple's favorable decision in its lawsuit against the SEC. Pro-XRP attorney Bill Morgan recently revealed that Ripple could easily cover the fines. Although not reflected in some tracking platforms, XRP outperformed Solana, pointing to a key market divergence.
Ripple's 200 million XRP sale could cover the fine.
Ripple ensures liquidity while maintaining a controlled supply of tokens. According to Morgan, if Ripple sells the 200 million XRP tokens that were recently released from the script, it can cover three times the fine ordered by Judge Torres.
With these tokens worth hundreds of millions of dollars at current market prices, Ripple is financially secure despite ongoing legal challenges.
Bill Morgan's statement highlights the company's potential to generate significant revenue from XRP sales. This statement is supported by the XRP army, showing the strength of Ripple in the midst of the challenges of ripple vs second charges.
Is XRP Inverted Solana Market Cap?
In addition, Morgan pointed out an interesting miscalculation in the market cap calculation for Ripple's XRP.
According to Morgan, less than 38 billion XRP tokens remain in escrow. This means that when XRP rose to $1.90, the actual market cap was close to $118 billion, not the $107 billion shown on platforms like CoinMarketCap.
If Morgan's calculations are correct, this means that XRP has surpassed Solana in terms of market cap, which currently stands at $116.45 billion—a significant milestone that popular tracking platforms have yet to accurately reflect.
