Pro-XRP attorney and commentator Bill Morgan has sparked a fresh debate over Ripple’s escrow strategy, publicly urging the company to release larger amounts of XRP each month and relock fewer tokens. In a post on social media, Morgan argued that accelerating the distribution would bring XRP to full circulation sooner and strengthen its narrative as hard money.
“Ripple should release more of the 1 billion each month and not lock so much back in escrow,” Morgan wrote. “The sooner it is all released from escrow and the circulating supply is 100% the quicker XRP will become the best hard money.”
Ripple’s escrow system unlocks one billion XRP at the start of every month. However, the company routinely returns a significant portion of those tokens to new escrow contracts after allocating only what is needed for operations, liquidity, or institutional activity. As of early June 2026, approximately 61.85 billion XRP were in circulation, while roughly 38.15 billion XRP remained locked—meaning the current pace could extend the escrow timeline close to another decade.
The suggestion has divided opinion. Supporters believe a faster release would remove the overhang of future unlocks and let the market price XRP without supply uncertainty. Detractors warn that larger monthly distributions could add selling pressure if demand does not keep pace, potentially weighing on price. Some also note that the headline unlock amount matters less than the net tokens Ripple keeps liquid.
XRP’s price has been trading in a tight range near $1.13–$1.14, with buyers defending the $1.10 support and sellers capping gains below $1.20. Ripple continues to grow its business through initiatives like RLUSD, MXNB, and Mastercard settlement links, while CEO Brad Garlinghouse projects a $1 billion revenue run rate by end-2026 excluding XRP holdings—separating the company’s operational story from the token’s supply dynamics.
While Morgan’s proposal does not target Ripple’s business model, it directly challenges the pace at which XRP reaches its final circulating supply, reigniting a long-running discussion about escrow management and its market impact.
