XRP’s circular supply debate heats up, with nearly 60 billion tokens already being released.
The community fears inflationary pressures as more XRP could enter the cycle and dilute the value of investors.
Bill Morgan makes it clear that unlike Bitcoin’s mining-based inflation model, XRP supply growth is predictable.
When fully distributed, XRP supplies will permanently deflation and be strengthened by burns in trading fees.
The increase in circulation supply of XRP has become a hot topic for the community, with 100 billion tokens currently in circulation out of a total of 100 billion. Some people worry that this growth will cause XRP inflation, and it could undermine its prices.
However, XRP lawyer Bill Morgan intervened to explain why this view missed the bigger picture.
Community Concerns about XRP Supply
It all began when one of the XRP supporters shared a five-year distribution supply forecast. The tweet argued that the cycle of XRP growth is inflation, warning that additional tokens entering the market will dilute XRP
price. This concern reflects long-term fear within the community. An increase in supply automatically means less valuable to investors.
Bill Morgan’s response to XRP supply debate
Bill Morgan jumped in to deal with the confusion. He acknowledged that, like Bitcoin, the circulating supply of XRP is not yet fully distributed. He explained that inflationary pressures exist only when new tokens are still being released to the market.
Unlike Bitcoin, which relies on mining to add new coins, the increase in XRP supply is fixed, with an average increase of around 1 billion XRP, making the supply stable and predictable rather than sudden or inflationary spikes.
Of course, the circulating supply is not yet fully distributed 100%, so it expands. That issue applies to Bitcoin, and mining is added to the circular supply. One day, the XRP circular supply and total supply, where all XRP (finite numbers) are fully distributed… https://t.co/8drwhakybk
– Bill Morgan (@belisarius2020) September 19, 2025
Ultimately, once all 100 billion tokens are fully distributed, XRP distribution and total supply will be deflationary forever. This means that no new tokens are created, and continuous token burns like transaction fees can actually reduce circulation XRP over time.
Increased impact of XRP prices
Despite supply concerns, the XRP price actually shows strength. Over the past month, the tokens have earned around 4.46% and have been trading above $3.
On September 18th, Rex-Soprey introduced XRP (XRPR)’s first US-spot ETF. The debut was impressive, with trading volume reaching $37.7 million on the first day. This shows that investors’ trust in XRP is driven by advances in regulatory progress and increased adoption in mainstream markets.
