Bill Morgan, a pro-XRP lawyer, has emphasized the strong correlation between XRP and Bitcoin, noting a 90-day correlation coefficient of 0.628. Morgan explained that while XRP follows Bitcoin directionally, the percentage changes in XRP's price can differ significantly from Bitcoin's, especially during market fluctuations. He highlighted that XRP's higher volatility often results in sharper declines compared to Bitcoin, as seen in recent market movements. Morgan also addressed the ongoing debate regarding the impact of XRP's monthly escrow releases on its price, dismissing the notion that they significantly affect XRP's value. Instead, he attributes XRP's price behavior primarily to Bitcoin's market movements. Currently, XRP is trading at approximately $1.37, reflecting a slight increase, while Bitcoin has risen by 2% in the same period.