TLDR
- Bill Morgan has rejected claims that Judge Analisa Torres will issue a final decision in the XRP case today.
- He responded to social media speculation that such a ruling could push XRP to a $5 price target.
- The XRP case officially ended after the SEC and Ripple withdrew their respective appeals last week.
- Judge Torres had previously ruled that institutional XRP sales violated securities laws while exchange sales did not.
- The withdrawal of appeals confirmed there will be no further rulings in the XRP case.
A prominent legal voice has dismissed new claims about the XRP case, challenging speculation of a major court decision today. Bill Morgan, a well-known lawyer and XRP advocate, rejected suggestions that Judge Analisa Torres still has a final ruling pending. His comments directly addressed social media claims that such a decision could spark a price surge for XRP.
Bill Morgan Rejects Final XRP Case Rumor
Morgan responded to an X post by user Ray, who claimed “all eyes” should be on Monday for a possible court action. Ray suggested Judge Torres “may give the final green light” in the XRP case and predicted a $5 target for XRP. Morgan called the claim “so deluded and wrong” and said he did not know where to begin in addressing it.
The XRP case began in December 2020 and attracted global attention due to its potential market impact. It centered on whether XRP was an unregistered security under U.S. law, a point that split earlier court rulings. Morgan’s rejection of the claim underscored the importance of separating verified legal outcomes from unsubstantiated predictions.
This post is so deluded and wrong I don’t know where to begin. https://t.co/B92Y65PTLy
— bill morgan (@Belisarius2020) August 11, 2025
His statement gained traction because of the legal clarity reached in the case last week. The dispute officially ended after both the SEC and Ripple agreed to withdraw appeals. This removed any remaining litigation over Judge Torres’s prior rulings in the XRP case.
Case Closure Confirmed
On August 7, defense lawyer James K. Filan announced the joint dismissal of appeals by both the SEC and Ripple. This step concluded the XRP case without further hearings or rulings from Judge Torres. The resolution followed partial victories for both parties earlier in the proceedings.
Judge Torres had ruled that institutional sales of XRP violated securities laws, while programmatic sales on exchanges did not. This distinction formed the basis for the initial appeals from each side. However, the withdrawal of those appeals confirmed the legal outcome without additional judicial input.
Market observers have noted that XRP remains active in trading despite the legal conclusion. Analysts agree that future price movements will now depend on broader conditions rather than further court decisions. The end of the XRP case removes a significant legal overhang for the asset.
Impact of Public Statements
Morgan’s reaction highlights how public comments can influence sentiment in the cryptocurrency market. Legal professionals often stress the importance of accurate information in cases like the XRP case. Speculative claims can mislead and create false expectations among market participants.
The joint dismissal now stands as the final action in the XRP case. With no rulings left pending, attention shifts to adoption trends and global regulations. Morgan’s comments reflect a push for fact-based discussion over rumor-driven narratives.
