Pro-XRP attorneys have provided key insights regarding the Ripple vs. SEC lawsuit, including a potential timeline for its conclusion, following the U.S. SEC’s recent filing of an appeal notice in the XRP case.
Ripple SEC Case | XRP Lawsuit | US SEC Appeal
Highlights:
– Pro-XRP attorneys reveal a possible timeline for the Second Circuit Court’s ruling in the Ripple SEC case.
– One lawyer suggests the possibility that the involved parties might withdraw the appeal, potentially ending the prolonged legal dispute.
– XRP’s price experienced a significant drop amid these ongoing regulatory developments, as investors seek further clarity regarding the case.
- The Ripple SEC case remains one of the most high-profile and enduring legal battles in the cryptocurrency sector. In a recent development, the U.S. SEC filed a Notice of Appeal, just ahead of the deadline, suggesting a longer timeline before the case is resolved. Amid growing uncertainty, pro-XRP lawyers have discussed a possible timeline for the case’s conclusion, fueling market speculation.
- Lawyers Discuss Potential End Date for Ripple SEC Case
The U.S. SEC’s notice of appeal against Ripple Labs has extended this ongoing legal struggle. This move has led to market speculation, with pro-XRP attorneys discussing a possible end date for the lawsuit.
According to pro-XRP lawyer Fred Rispoli, a decision from the Second Circuit Court is unlikely before early 2026. However, Rispoli noted that the appeal could be withdrawn at any point if both parties agree to settle. He highlighted the appellate courts’ mandatory mediation program, which promotes early settlements and has drawn significant market interest.
In addition, another well-known attorney, Jeremy Hogan, argued that the SEC’s appeal is a “big mistake” that could ultimately weaken the agency’s authority over the crypto industry. Hogan believes that the SEC will likely lose the appeal, and even if successful, the outcome would be a financial penalty without affecting Ripple’s use of XRP.
- Potential Cross-Appeal and Investor Sentiment
Ripple’s Chief Legal Officer, Stuart Alderoty, criticized the SEC and indicated that Ripple is considering a cross-appeal. Despite these updates, investor sentiment appears cautious, as reflected in the notable drop in XRP’s value. - XRP Price Drops Despite Recent Positive Developments
XRP’s price fell by nearly 12%, dropping below $0.52 amidst ongoing events in the Ripple SEC case. Its trading volume increased by 20% to $3.25 billion. Earlier this week, XRP had briefly risen above $0.66, driven by several positive developments.
For example, Bitwise’s recent filing for an XRP ETF has bolstered market optimism. Additionally, Ripple’s payments going live in Brazil through a partnership with Mercado has further sparked interest in the crypto market.
Many in the cryptocurrency community view this Brazil expansion as a strategic maneuver by Ripple in light of challenges faced in the United States. Given the hopeful outlook regarding the appeal’s outcome and the possible cross-appeal by Ripple, experts predict a rebound in XRP’s price.
Furthermore, a number of crypto analysts have shared a positive perspective on Ripple’s native crypto. Recently, a well-known expert forecasted that XRP could reach $3 by Christmas, which has captured investor attention, particularly amid talks of a potential “Uptober” rally.
