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- XRP ETF filings confirm XRPL described as public decentralized permissionless blockchain checked by lawyers
- Some influencers knowingly spread lies about XRP centralization just to push negative narratives.
The long-standing debate around XRP’s structure has resurfaced after crypto analyst Justin Bons claimed XRP and Binance Coin (BNB) are “permissioned” networks rather than “decentralized.” Bons also criticized Bitcoin and Ethereum for scalability issues, and argued that none of the top five cryptocurrencies deliver on their claims.
Lawyer and XRP advocate Bill Morgan responded strongly, stressing that official SEC filings for XRP ETFs prove otherwise. He highlighted that these legal documents, reviewed by professionals, describe the XRP Ledger (XRPL) as “public, decentralized, and permissionless.”
According to Morgan, such statements are legally binding disclosures where accuracy is compulsory. He added that ,
Documents prepared by lawyers or at least checked by lawyers in which you cannot mislead the public or run certain legal risks.
Every applicant for a XRP ETF has disclosed in its public documents filed with the SEC connected to the application that the XRPL is a public, decentralised, permissionless blockchain.
Think of it. Every single one of them. Documents prepared by lawyers or at least check by… https://t.co/obvo8X0hVc
— bill morgan (@Belisarius2020) October 3, 2025
SEC Disclosures Strengthen XRP’s Case
Morgan questioned why after years in the industry, some critics continue repeating the claim of XRP centralization without acknowledging the legal recognition provided through regulatory disclosures. He remarked,
Yet people like this guy who claim to have been in the space for years continue to say that the XRPL is centralized and permissioned. You have to ask yourself why?
The XRP community quickly echoed Morgan’s view. Popular commentator Moon Lambo accused critics of spreading deliberate falsehoods. He said, “This guy is happy to be dishonest. He wants $XRP to be centralized because he hates it, so he just says it is.”
Bill Morgan agreed, stating that after such a long time and with all the available facts, it’s hard to believe this is just ignorance. At this point, it seems more like deliberate dishonesty. Hen noted,
It is hard to say it is honest and ignorant after all this time.
Can XRP Push Past $3.20 Resistance?
At present, XRP is trading at $3.02, just under resistance near $3.04. The token has reclaimed the 20-day EMA at $2.92 while also holding above the 50-day EMA at $2.93. Traders are closely watching if the price can push above $3.20 or risk sliding back.
The chart shows compression within a descending triangle since July, with consolidation between the $2.92–$3.04 range and support at $2.84, overlapping with the 100-day EMA. Market watchers suggest a break above $3.20 could target $3.40 and $3.60, while a failure to hold $2.84 may push the token back toward the 200-day EMA at $2.62.
Momentum has slightly improved, with the RSI near 54 after recovering from neutral levels. Analysts view the trend as constructive as long as XRP trades above $2.62, keeping optimism intact.
