A lawyer advocating for XRP, Bill Morgan, recently disagreed with Judge Torres' understanding of On-Demand Liquidity (ODL) transactions, stirring attention amid Ripple's legal battle with the U.S. SEC. Morgan argued that Judge Torres' interpretation of ODL transactions showed a lack of comprehension of their unique role in the cryptocurrency market.

Morgan expressed dissatisfaction with Judge Torres' ruling, particularly her classification of ODL transactions as 'investment contracts.' He emphasized that ODL sales, unlike traditional investments, involve holding XRP for only a few seconds to facilitate cross-border payments. Morgan believes that Judge Torres failed to grasp the fundamental purpose of ODL and the use of XRP as a bridge currency.

In a statement shared on X, Morgan criticized Judge Torres' understanding of ODL, stating that she had misunderstood the nature of these transactions. He argued that while Judge Torres may understand contracts, her characterization of ODL as investment contracts reflects a lack of comprehension of the underlying issues.

Meanwhile, XRP's price has been on a downward trend since Ripple became entangled in a legal battle with the U.S. SEC. The token's value has experienced a significant decline, raising concerns among investors about its future trajectory.

As of now, the price of XRP has dropped by 3.77% in the past 24 hours, trading at $0.5279. The token's market cap has also decreased by 3.77%, accompanied by a 24-hour trading volume decline of 11.87%. This decline has fueled speculation about the future price of XRP as the legal battle continues to unfold.

In conclusion, Bill Morgan's criticism of Judge Torres' interpretation of ODL transactions highlights the ongoing complexity of Ripple's legal battle with the U.S. SEC. As XRP's price continues to fluctuate, investors remain vigilant, awaiting further developments in the lawsuit.