The Ripple SEC case has been one of the high-profile and long-running legal battles in the crypto sector. In the latest development, the US SEC has filed for a Notice of Appeal in the ongoing battle, just ahead of the deadline, indicating an extended period for the legal battle to be over. Amid the growing uncertainty, pro-XRP lawyers have discussed over the potential conclusion timeline for the XRP lawsuit, sparking market interest.
Lawyers Reveal Potential Conclusion Timeline For Ripple SEC Case
The US SEC has filed a notice of appeal against Ripple Labs, extending the long-running legal battle in the crypto sector. This move has sparked speculations in the market, with pro-XRP lawyers discussing potential conclusion timelines for the XRP lawsuit.
Meanwhile, according to pro-XRP lawyer Fred Rispoli, a ruling from the 2nd Circuit Court is not expected until early 2026. However, Rispoli noted that the appeal can be withdrawn at any time if the parties agree to settle. He cited the mandatory mediation program in appellate courts, which encourages early settlement, gaining market attention.
Besides, another renowned lawyer, Jeremy Hogan, believes the SEC’s appeal is a “big mistake” that may ultimately harm the agency’s regulatory power over the crypto space. Hogan believes the SEC is likely to lose the appeal and that even if they win, it will only result in a monetary penalty with no impact on XRP’s use by Ripple.
Meanwhile, Ripple CLO Stuart Alderoty has also slammed the SEC, while saying that they are considering a potential cross-appeal in the case. Despite that, the investors appear to be staying on the sideline, as evidenced by the significant decline in the XRP price today.
XRP Price Slips Despite Latest Positive Developments
XRP price has noted a decline of nearly 12% during writing and fell below the $0.52 mark amid the ongoing development in the Ripple SEC case. Its trading volume soared 20% to $3.25 billion. Notably, the crypto has crossed the brief $0.66 mark this week, with several positive developments bolstering market interest.
For instance, Bitwise has recently filed for XRP ETF, which has sparked market optimism. In addition, the latest update of Ripple payments going live in Brazil with the Mercado partnership has also fueled market interest.
Many in the crypto community see this Brazil development as a strategic move by Ripple amid the hurdles faced in the US. However, considering the optimistic outlook on the outcome of the potential appeal and the soaring anticipation over a cross-appeal by Ripple, the experts anticipate a rebound in the crypto’s price.
Meanwhile, a flurry of crypto experts have shared an optimistic outlook on Ripple’s native crypto. Recently, a popular expert predicted the XRP price to hit $3 by Christmas, which has caught the eyes of investors, especially amid discussions over a potential “Uptober” rally.
Rupam Roy
Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam’s expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news.
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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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