XRP Lawsuit: Lawyer On Possible Timelines For Ripple Vs SEC Case to End 

XRP was shaping up for what looked like a solid recovery rally earlier in the week. The bullish optimism was partly driven by expectations of a conclusion to the XRP lawsuit.

Unfortunately, a recent legal setback in the Ripple vs SEC case erased the optimism. The setback came in the form of a Ripple and SEC’s joint motion denial by Judge Torres.

The two parties had reportedly filed the motion in an attempt to speed up the case and bring it to its conclusion.

While Judge Torres’ ruling meant more uncertainty over the potential end of the case, attorney Fred Rispoli revealed the potential timeline for the case.

XRP Lawsuit: Lawyer Breaks Down the Potential Outcomes

The lawyer predicted two possible scenarios that will dictate the timelines for the legal battle’s conclusion. In the first scenario, he predicted that Ripple and the SEC could call on the court to restore the briefing schedule, in which case appeals could be filed.

Rispoli expects the case to drag on into late 2026 or early 2027 if the first scenario plays out.

However, in the second scenario, he predicted that the XRP lawsuit might meet its inevitable conclusion in July or August this year.

The lawyer also noted that the second outcome was likely if the two parties settle and seek dismissal of existing appeals.

Why a Lot is Riding on the Ripple Vs SEC Case

The main reason why the legal battle carries a lot of weight was mainly because it was expected to set a regulatory precedent for the crypto market.

The final ruling will determine how crypto-related legal judgments will be made in the future. The decision is also sensitive, especially from Ripple’s perspective, because it could influence its operations.

The company has been pushing for the adoption of its technology to upgrade the traditional finance and banking ecosystem.

Unfortunately for Ripple, the legal battle has so far been a massive hindrance in the adoption of its services. It has also kept investors at bay, and this was particularly evident in its price action.

XRP Price Action Recap

The legal row between the SEC and Ripple has no doubt dampened investor sentiment in the past. The latest data this week also showed signs that the legal battle still had a heavy hand in XRP’s performance.

While the cryptocurrency rallied about 16% from its 7-day lows, it pulled back by over 6% from its weekly top.

This pullback occurred after reports revealed that Judge Torres turned down a joint motion by presented by the two parties.

XRP price exchanged hands at $2.09 at press time, which was equivalent to a 38% discount from its highest price point this year.

Despite this performance, XRP still held on to a substantial amount of the gains achieved in Q4 2024.

The legal battle’s impact on investor sentiment suggests that a favorable conclusion could potentially trigger another major rally.

As for the state of demand, XRP’s derivatives segment registered an upsurge from $3.54 billion to $4 billion in the last 7 days.

However, options volume was down by about 83% in the last 24 hours. That confirmed the previous excitement observed this week had cooled down.

The derivatives data also reflected the situation in the spot segment. Spot flows have mostly favored the downside since late March. The situation remained unchanged despite the latest failed rally attempt.

In other words, the latest market data did not disclose any potential signs that could indicate a major sustained bullish move.

However, the chances of that happening could shift in the next two months, judging by the prospects of the XRP Lawsuit meeting its eventual and long-overdue conclusion.

The post XRP Lawsuit: Lawyer On Possible Timelines For Ripple Vs SEC Case to End  appeared first on The Coin Republic.