Ripple's recent statement regarding its sales of XRP tokens has garnered attention, particularly from legal analysts like Bill Morgan, who view it as a significant development in the ongoing legal battle with the U.S. Securities and Exchange Commission (SEC).

In its reply letter supporting its motion to seal documents, Ripple clarified that it is no longer selling XRP tokens through over-the-counter transactions. Instead, it stated that its current sales of XRP to customers for use in connection with Ripple's On-Demand Liquidity (ODL) product do not involve the same terms as the over-the-counter contracts, such as discounts offered to sophisticated counterparties.

Legal analyst Bill Morgan emphasized the importance of this statement, describing it as a "crushing blow" to those who propagate fear, uncertainty, and doubt (FUD) about Ripple's alleged suppression of XRP's price by selling tokens to retail investors. Morgan highlighted that Ripple's sales to ODL customers do not include discounts, as evidenced by the lack of relevant terms found in over-the-counter contracts.

Ripple's assertion that its ODL sales have a neutral impact on the price of XRP is noteworthy, especially considering the token's consistent underperformance compared to Bitcoin and the broader cryptocurrency market.

Furthermore, Ripple argued in the letter that its current financial statements are irrelevant to the court's analysis, as the company is not contesting its ability to pay potential fines and penalties. The SEC seeks to compel Ripple to disclose information about its sales, revenues, and current assets, but Ripple contends that divulging such sensitive details could harm its business interests.

Overall, Ripple's recent statement and legal maneuvering shed light on the complexities of its legal battle with the SEC and its efforts to address concerns about its impact on the XRP market.