- XRP still holds strong despite Bitcoin maximalists’ attacks, staying top-ranked for over ten years.
- Critics argue Ripple’s strategy is flawed, but new firms adding XRP to treasuries fuels debate.
Ripple’s XRP is once again attracting attention as criticism from Bitcoin loyalists intensifies. Yet recent figures show XRP continues to hold its ground, remaining consistently among the top 10 digital currencies for over a decade. Even with accusations of centralization and dumping, XRP’s performance has not aligned with Bitcoin maximalists’ warnings.
Lawyer and market commentator Bill Morgan responded to ongoing skepticism. He dismissed accusations that Ripple’s control over XRP supply makes the network centralized, arguing that the token’s track record speaks for itself.
“The market has emphatically disagreed with them for more than a decade,” he stated.
Bitcoin purists pointed out that “If XRP had real value, Ripple would be hoarding XRP and buying more of the supply instead of sucking in retail and dumping on them perpetually.” On the flip side, Morgan fired back saying,
“Ripple is bad because it holds too much XRP… Ripple is bad because it sells XRP… The deranged logic of Bitcoin maxis.”
Ripple is bad because it holds too much XRP which makes the XRPL centralised.
Ripple is bad because it sells XRP because it is dumping on investors.
The deranged logic of Bitcoin maxis.
The market has emphatically disagreed with them for more than a decade which is why XRP has… https://t.co/3kCvWcqsPR
— bill morgan (@Belisarius2020) July 20, 2025
Debate Over Missed Gains Highlights XRP’s 2024 Performance
The conversation started on July 19 when a post on X claimed Michael Saylor could have doubled his gains if MicroStrategy had chosen XRP over Bitcoin. This triggered strong pushback. Financial commentator Gary Cardone rejected the suggestion outright, warning that such a move would have invited lawsuits and bankruptcy.
“ He already had the $ he did not need to rename it to xrp ,” Cardone remarked.
His criticism extended beyond the hypothetical. He questioned why Ripple hasn’t adopted a similar investment approach by holding XRP on its own balance sheet. In Cardone’s view, this undermines the narrative of XRP’s long-term strength.
He took the issue further, arguing that if XRP were truly outperforming Bitcoin, Ripple’s team, stakeholders, and token holders would be “the biggest losers” for not capitalizing. The absence of a strategic XRP reserve within Ripple continues to raise questions about the company’s internal strategy, according to Cardone.
Public Companies Begin Adding XRP Despite Criticism
In contrast to Ripple’s own stance, other businesses are showing renewed interest in XRP. Firms like Trident Digital, VivoPower, and Webus International recently announced their intent to include XRP as part of their treasury assets. This has prompted more XRP supporters to push back on long-standing Bitcoin-centric narratives.
Morgan also highlighted that Bitcoin maxi often claim, “XRP is a bankers’ coin but no banks are using it.” XRP community members responded by emphasizing the token’s acknowledged utility from financial institutions like the IMF and BIS, especially in global payment systems. They argued that XRP offers regulatory compatibility, unlike Bitcoin, which is often framed as only a store of value.
One user, CryptoTank, bluntly called Bitcoin a “Beta Test Coin” and XRP “the upgrade,” pointing to ongoing institutional developments around the token.
Despite the loud criticism, XRP’s performance continues to give its supporters reason to speak out. The token’s market standing remains strong through July 2025. It hasn’t dropped out of the top 10 rankings, rarely falls below the top 5, and often hovers in the top 3. As of now, XRP is trading around $3.53, up 1.57% on the day and 66% over the past month.
