[Top Lawyer Explains Why XRP Is the Worst-Performing Coin in the Top 10]
Crypto markets have rallied sharply this week, with Bitcoin topping $76,000 to hit a new all-time high. One XRP critic then pointed out that while Bitcoin has gained 117% over the past year, XRP has fallen nearly 25%, questioning XRP’s potential returns.
Lawyer Morgan responded to this criticism, saying that XRP’s poor performance was mainly affected by the ongoing litigation between the SEC and Ripple, which led to bearish sentiment in the market. The lawsuit, which has been ongoing for four years since December 2020, has suppressed XRP prices and some institutions still closely associate XRP with Ripple.
Despite this, XRP still ranks among the top ten cryptocurrencies by market capitalization, with a current market capitalization of approximately $31.49 billion and a price of $0.5537 per coin. The lawsuit between the SEC and Ripple has now entered the Second Circuit Court of Appeals and will be formally heard in January next year, and Ripple plans to file a counterclaim against the XRP sale. The market is hopeful that the new SEC management may reach a settlement with Ripple, but if the settlement cannot be reached, the lawsuit may be extended to 2026 and continue to affect the performance of XRP.
