A noted supporter of XRP, attorney Bill Morgan, is pressing Ripple to rethink its monthly escrow strategy. Morgan publicly stated that the company should distribute more of the 1 billion XRP it unlocks each month rather than sending large portions back into escrow. He believes that accelerating the release of tokens would help XRP achieve a fully circulating supply sooner, strengthening its position as a form of sound money.
Ripple’s current escrow system releases 1 billion XRP at the start of every month. However, the firm typically uses only a fraction for operational needs, liquidity, or institutional transactions, and returns the rest to new escrow contracts. This practice makes it difficult to predict when the escrow will fully unwind. Data from early June showed about 61.85 billion XRP in circulation and roughly 38.15 billion still locked. If Ripple continues its pattern of relocking, the escrow might last nearly another decade.
Morgan argues that a faster release could eliminate the uncertainty of future supply overhangs, allowing the market to value XRP based solely on current circulation. He tweeted that the sooner XRP is fully released from escrow, the quicker it can establish itself as superior hard money. However, not everyone agrees. Some market participants worry that increasing the supply without a proportional rise in demand could exert downward pressure on the price. Others note that the net amount Ripple actually places into circulation is more critical than the headline unlock figure.
XRP’s price has been trading in a narrow corridor recently, hovering around $1.13 with buyers defending the $1.10 support and sellers capping moves above $1.20. Despite Ripple’s expanding business, which includes RLUSD, MXNB, and partnerships with Mastercard, momentum has been limited due to whale selling and weak trading volumes. Ripple’s CEO, Brad Garlinghouse, has forecast a $1 billion revenue run rate by the end of 2026, excluding XRP holdings on the company’s balance sheet, emphasizing that the firm’s operational growth is independent of XRP’s market dynamics. Morgan’s proposal would not alter Ripple’s business model directly but would reshape how quickly the market reaches a final XRP supply structure.