Crypto Advocate Bill Morgan Backs XRP Position; XRP Price Rally Ahead?

• Bill Morgan has highlighted that XRP has been able to maintain 3rd position on the list in terms of market cap.
• XRP price is estimated to surge by 14.96% in the next 3 months.
• XRP ETF applications are likely to be approved by year’s end, according to Brad Garlinghouse.

Bill Morgan, a notable crypto advocate, has backed the position of XRP, which is a Ripple token. He has highlighted that XRP has maintained the third position on the list of global cryptocurrencies. XRP price is likely to conclude its correction cycle and enter a bull run in the days to come. Meanwhile, Brad Garlinghouse has said that the US SEC may approve XRP ETF applications by year-end.

Bill Morgan on XRP Position

Crypto advocate Bill Morgan has said that XRP was ranked third in 2013 in terms of market cap. Twelve years later, he added, XRP still holds the same rank even though the landscape has undergone major changes. The market cap of XRP in 2013, per his X post, was over $45 million. The same is now at $178.99 billion, behind BTC and ETH. The Ripple token was behind BTC and LTC 12 years ago.

Bill Morgan, while responding to an X post, underlined that the landscape has changed so much that LTC has slipped to 20th position in 12 years. Morgan further stated that most of the cryptocurrencies which were in the top 10 have now vanished.

Based on XRP’s historical data by CoinMarketCap, the token noted a market cap of over $85 million on September 01, 2013. It did fluctuate over 12 years but was able to commence August 2025 with a market cap valuation of more than $165 billion.

What’s Next for XRP Price?

The statement by Bill Morgan has instilled a sense of confidence among XRP enthusiasts. This is expected to bring back the token’s bull run. XRP price is currently down by 1.68% over the last 24 hours, exchanging hands at $2.99. The XRP price further reflects a decline of 3.7% in the last 7 days. However, the Ripple token has been able to surge by 2.47% in the last 30 days.

Most of it has been credited to the correction phase and is anticipated to reverse the ongoing trend in the days to come. XRP price prediction estimates that the token may continue to plummet for the next 1 month. A surge is likely to happen in the next 3 months, when XRP price jumps up by 14.96% to breach the milestone of $3.44. Volatility around XRP is 3.35% at the moment, and overall sentiments are bullish with a neutral FGI rating of 53 points.

Ripple CEO Brad Garlinghouse on XRP ETF

XRP price correction reversal may happen not only because Bill Morgan underlined the token’s longevity. It may also happen because Ripple CEO Brad Garlinghouse expressed his confidence in the SEC approving XRP ETF applications. Brad, while interacting with the media, said that it was inevitable for XRP ETF to get approvals from the US SEC before the end of 2025. He based this on the rising demand from the community.

Platforms that have filed for ETF applications are Franklin Templeton, Bitwise, and Canary. Garlinghouse, in the same interview, has said that there was also a possibility for XRP to become a part of US Government Reserves. Polymarket odds have backed the approval of XRP ETF with a rating of 96%. If approved, it could further strengthen XRP’s position and bring back the XRP price bullish rally.

It is important to note that the contents of this article are neither recommendations nor advice for crypto trading and investment.

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