Ripple’s legal battle with the U.S. Securities and Exchange Commission (SEC) has been one of the most high-profile cases in the cryptocurrency world. However, recent developments, including a favorable ruling for Ripple, have raised questions about the company’s financial stability and its ability to manage potential penalties. Pro-XRP lawyer Bill Morgan recently made a bold claim, suggesting that Ripple could easily pay the SEC’s penalty, and more, through recent sales of its XRP tokens.

Ripple’s XRP has been experiencing a surge, reaching a price of $1.91 and a market cap nearing $109 billion, making it the fifth-largest cryptocurrency by market cap, surpassing Binance Coin (BNB). This significant price increase follows a favorable ruling for Ripple in its case against the SEC, leading to greater confidence among investors and the wider XRP community.

Ripple’s 200 Million XRP Sale Could Easily Cover SEC Penalty

Ripple has been gradually releasing XRP from its escrow account to ensure liquidity and maintain control over its token supply. In a recent statement, Bill Morgan, a lawyer with strong pro-XRP views, claimed that Ripple could cover its SEC lawsuit penalty multiple times over using just a recent sale of 200 million XRP tokens from its escrow.

At the current market price of $1.91 per XRP, this sale would generate hundreds of millions of dollars, which could more than cover the penalty imposed on Ripple. This sale would not only allow Ripple to settle its legal obligations but also maintain financial flexibility during a period of ongoing litigation.

Morgan’s statement serves to highlight Ripple’s financial strength, despite the ongoing legal battle. His argument also resonates with the broader XRP community, often referred to as the “XRP Army,” who continue to back Ripple’s position and believe the company will emerge from the legal challenges stronger than before.

XRP’s Market Cap May Have Already Surpassed Solana

In addition to discussing Ripple’s financial position, Bill Morgan also pointed out an important discrepancy in how XRP’s market cap is being reported. According to Morgan, less than 38 billion XRP tokens remain in escrow, meaning that when XRP surged to $1.90, its actual market capitalization was closer to $118 billion, rather than the $107 billion shown on platforms like CoinMarketCap.

If Morgan’s calculation is accurate, this would mean that XRP has already surpassed Solana (SOL) in terms of market cap. Solana currently holds a market cap of $116.45 billion, but if XRP’s true market cap is closer to $118 billion, it would place XRP ahead of Solana and further solidify its position as one of the leading cryptocurrencies in the market.

This discrepancy in market cap reporting raises questions about the accuracy of certain data platforms and the true value of XRP. As XRP continues to show strong performance in the wake of Ripple’s legal victory, it seems likely that the asset will continue to rise, potentially surpassing other established cryptocurrencies, including Solana, in the near future.

Ripple’s Financial Strength Amid SEC Lawsuit

Ripple’s ability to generate substantial revenue through XRP sales, especially in light of its favorable legal outcome, is a clear indication that the company is in a strong position to weather the storm of the SEC lawsuit. With the potential to cover the SEC’s penalty and other financial obligations through recent token sales, Ripple is proving to be more financially secure than many critics had previously believed.

In conclusion, Bill Morgan’s statements reinforce the growing confidence in Ripple’s financial stability and XRP’s value. With the token surging in price and Ripple seemingly capable of easily paying any potential penalty, the future looks promising for both the company and its supporters. The market cap discrepancy only adds to the growing sense of optimism surrounding XRP’s continued ascent in the cryptocurrency rankings.