XRP News: Ex-SEC Lawyer Predicts What’s Next in the XRP Lawsuit

The XRP lawsuit action has been in the news again, as the XRP community patiently awaits a filing while the key June 16 deadline approaches.

An ex-SEC lawyer has predicted what Ripple and US SEC may likely do to settle the long-running XRP lawsuit.

Meanwhile, XRP price looked stuck since Judge Torres declined a joint motion by the parties to fully end the lawsuit while removing the injunction and reducing penalties.

XRP News: Expert Predictions on Ripple v. SEC Lawsuit

In the latest XRP news, James Farrell, a former SEC lawyer, shared four scenarios in the Ripple vs SEC lawsuit. Also, he disclosed the reasons why it is crucial for Ripple to have the injunction lifted and the penalty reduced.

1. Ripple and the SEC will agree to drop appeals and cut penalties. The parties will inform the 2nd Circuit about filing voluntary dismissals, avoiding consideration of Judge Torres’ ruling.
2. Parties will request the 2nd Circuit to give another 60 days, citing Judge Torres’ denial of an indicative ruling. Moreover, they need to ensure that the court doesn’t deny extension and reset the appeal schedule.
3. Ripple and the US SEC to file a new motion for an indicative ruling request to Judge Torres. While telling the 2nd Circuit to give another 60 days while Judge Torres deliberates on the new filing.
4. The parties continue their appeals in the 2nd Circuit seeking a resolution and settlement, with the injunction lifted and the reduced penalty.

Ripple Can’t File for IPO With Injunction

With crypto companies rushing to file for IPO amid the crypto-friendly Trump administration, Ripple needs to get the injunction dropped to file for IPO, as per James Farrell. He added that Ripple was practically precluded from an IPO for 4 more years because of the SEC injunction.

“But w/o injunction lifted, probably gonna miss a really tasty window for IPO a la Circle, Kraken and everyone else announcing now. So might wait a couple months – I’d go to inj anniversary – & file solo mot to ask Torres to lift. See if goes under radar.”

Other Legal Experts’ Take on the Ripple vs SEC Case

Legal experts expect Ripple and the SEC to refile their motion using the correct legal procedure. Attorney Fred Rispoli noted that both parties took a faster route initially. However, “they will refile it under the correct rule.”

Ripple Chief Legal Officer Stuart Alderoty said both parties remain aligned on settling the case and will work together to address the court’s concerns.

“Ripple and the SEC are fully in agreement to resolve this case and will revisit this issue with the Court,” Alderoty posted on X

Legal expert Sherry claimed that the parties would attempt another filing for a positive outcome in an indicative ruling in the XRP lawsuit. However, she suggested Ripple to continue its cross-appeal should Judge Torres once more decide to reject changes.

Can XRP Price Hit $3 in the Next 60 Days

Analyst Dark Defender said XRP price is near a breakout on the daily timeframe. Should the candle close above $2.33, a major rally may likely follow. He noted several indicators, such as RSI, EMA, and Ichimoku Clouds, signal a bullish move for XRP.

Recently, analyst EGRAG CRYPTO predicted a bullish breakout in XRP price by mid-June 2025, resulting in a final rally phase by September.

According to him, XRP price has established support at $2.22, with a potential rise to $2.40, $3, and even $3.40 if this resistance is breached.

XRP price was trading 2.24% higher at the time of writing, with the price trading at $2.32. The 24-hour low and high were $2.27 and $2.34, respectively.

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