XRP Rockets to $1.45 as Ripple’s Legal Saga Nears End

Ripple edges closer to legal clarity as the SEC lawsuit nears resolution. Court rulings boost XRP’s price and market confidence.

Man squatting next to an XRP rocket on water, looking up towards the sky.
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  • Ripple and the SEC have neared a historic legal resolution after four years.
  • The court has expedited the final judgment, signaling progress.
  • XRP has surged over 180% YTD amid growing optimism.

After four years of legal wrangling, the Ripple vs. SEC lawsuit is edging toward a resolution. The court’s recent decision to expedite the final judgment offers hope for closure in one of the most high-profile cases in cryptocurrency history. As Ripple inches closer to clarity, XRP’s market momentum suggests growing investor confidence.

However, while Ripple celebrates a favorable court ruling, lingering appeals and unresolved claims hint at a challenging road ahead. This case could set a precedent for the cryptocurrency industry that defines regulatory boundaries for years to come.

XRP Lawsuit Takes a Turn

The California District Court granted a motion to amend an earlier judgment and stay order, marking a significant milestone in the XRP class-action lawsuit. Both parties submitted a joint motion, agreeing there was no need to delay judgment since class claims were resolved. The court’s swift action reflects a mutual desire to conclude this long-running legal saga.

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The amended order includes an “express finding” to avoid ambiguity about the judgment’s finality. However, a claim for relief against Ripple and its executives remains on hold until all appeals are resolved. Ripple must wait 30 days after the appeal resolution to lift the stay and proceed with the remaining claims.

Ripple also submitted extensive documentation detailing litigation costs, including a declaration from its Litigation Director and 65 exhibits supporting its expenses. Judge Phyllis Hamilton previously encouraged alternative dispute resolution, but trial dates remain set for January 2025, pending appeal outcomes.

XRP Hits $1.45 After 180% Surge

The Ripple community has rallied behind the company as XRP’s price has surged to $1.45, up 180% year-to-date. Analysts predict further gains, with projections suggesting XRP could reach $13, driven by Elliott Wave analysis. The lawsuit’s progress has contributed to this bullish sentiment, alongside broader optimism for the cryptocurrency market.

In addition to Ripple’s legal victories, its executives are focusing on growing XRP’s ecosystem. Ripple CEO Brad Garlinghouse has highlighted regulatory improvements in the U.S. as a positive signal for the company’s future. Meanwhile, prominent attorney Jeremy Hogan forecasts the SEC’s Ripple lawsuit could conclude by mid-2025, coinciding with anticipated leadership changes at the SEC.

Ripple’s influence continues to expand with investments in institutional-grade products, such as Bitwise’s rebranded XRP ETP. Despite ongoing regulatory scrutiny, these strategic moves underline Ripple’s intent to remain a leader in the crypto space.

On the Flipside

  • A final resolution remains distant as appeals and unresolved claims delay the case.
  • Ripple must still address challenges from lingering skepticism about its compliance with securities laws.
  • SEC leadership changes could bring uncertainty to Ripple’s regulatory landscape.

Why This Matters

The court’s latest ruling to expedite judgment could offer a blueprint for other cases, making it a pivotal moment for the industry. As Ripple pushes for innovation and clarity, its actions and the XRP price surge reflect a growing confidence in the crypto market’s resilience and potential for mainstream adoption.

Discover how Stellar’s XLM is making waves, climbing over 187% and setting sights on the $1 milestone. Learn more here:
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Explore why Ripple’s XRP and Stellar’s XLM often mirror each other’s moves and what it means for their future. Read here:
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This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Kyle Calvert

Kyle Calvert is a reporter for DailyCoin covering all Ripple (XRP) developments and market analysis. Kyle's has major XRP holdings, moderate in Solana and Ethereum, and minor holdings across 20+ other cryptocurrencies.

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