Ripple Labs has secured a major victory in the XRP lawsuit as a U.S. court approved a motion to expedite issuing a final judgment in the case. This move is seen as a critical step toward resolving the case that has lingered for years, impacting Ripple and its native token, XRP.
Court Moves for Faster Resolution
In a positive move for Ripple, the latest court ruling amended an earlier decision, paving the way for a faster resolution. According to court filings, both Ripple and the plaintiffs jointly agreed there was no need to delay the judgment, as most class claims had been resolved.
However, the court also granted Ripple’s request for an amended judgment, addressing uncertainties about the case’s finality. Although the judgment moves forward, one claim for relief against Ripple remains on hold until the appeals process concludes.
Meanwhile, both parties are expected to file a motion to lift the stay within 30 days after appeals are resolved. Alongside these developments, Ripple submitted extensive litigation cost records, reflecting the effort behind its defense.
Ripple Vs SEC Lawsuit Timeline
This latest win comes after Ripple’s earlier success in its battle with the SEC, which continues to shape regulatory discussions in the U.S. Pro-XRP lawyer Jeremy Hogan has speculated the SEC case might conclude by mid-2025, especially if leadership changes at the SEC.
Ripple’s leadership remains optimistic, seeing these wins as a strong base for future growth. The faster judgment in the XRP lawsuit shows Ripple’s progress and could influence other crypto-related cases.
As the Ripple vs SEC drama unfolds, many are wondering what’s next for XRP—read XRP price prediction to see where the token could be heading next
Ripple’s XRP Seeing Surge
Late last week, XRP soared to a three-year peak of $1.63 after news broke that SEC Chair Gary Gensler plans to step down on January 20, the same day President-elect Donald Trump is set to begin his second term.
While the price has since eased to $1.46, XRP still boasts a remarkable 30% gain over the past week. Market analysts remain bullish, with some forecasting that XRP could reclaim its previous all-time high of $3.38 before the year ends.
FAQs
Ripple’s legal victories have positively impacted XRP’s price, driving a 30% gain in just one week, reaching a 3-year peak.
Pro-XRP lawyer Jeremy Hogan predicts the lawsuit could wrap up by mid-2025, depending on leadership changes at the SEC.
The expected departure of SEC Chair Gary Gensler in January 2025 may influence the trajectory of the Ripple lawsuit and market sentiment.
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