XRP Lawsuit Takes a Turn: Ripple Hits $1.45 After 180% Surge

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.

After four years of legal wrangling, the Ripple vs. SEC lawsuit edges closer to a resolution, with the court expediting the final judgment. But lingering appeals hint at a bumpy road ahead.

The California District Court granted a motion to amend an earlier judgment and stay order in the XRP class-action lawsuit against Ripple Labs Inc.

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.

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 is 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.

Meanwhile, XRP price soared to $1.45 after a 180% YTD surge, rallying the Ripple community. Analysts predict further gains, with projections suggesting XRP could reach $13, driven by Elliott Wave analysis.

The lawsuit's progress 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 highlighted regulatory improvements in the U.S. as a positive signal for the company's future.

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 like Bitwise's rebranded XRP ETP. Despite ongoing regulatory scrutiny, these strategic moves highlight Ripple's intent to remain a leader in the crypto space.

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.