The US Securities and Stock Exchange Committee (SEC) and Fintech Giant Ripple Labs agreed to stop its appeal in the ongoing legal battle on the XRP code, noting a possible settlement in the near future.
In a joint Lift On April 10, both sides asked the court to set the procedures in “Abeyance”, a legal term indicating a temporary stop while trying to resolve the case outside the court.
Ripples
The CEO of Ripple Brad Garlinghouse had previously announced the litigation mainly over the past month, but this deposit represents the first official sign that SEC may be ready to decline.
Defense lawyer James Villan said on social media that no response will be provided to the SEC summary in January by the deadline on April 16.
#xrpcommunity #Secgov Fifth. #ripple #xrp The parties submitted a joint proposal to appeal the equation based on the agreement of the parties to settle. The settlement awaits the approval of the committee. A summary will not be presented on April 16. pic.twitter.com/ovkpcih43h
James K. Villan (Filanla) April 10, 2025
Some observers speculate that the Supreme Education Council is waiting for Paul Atkins, a former commissioner who is expected to take his head as a president, to finish the touches on the settlement. The decision can close one of the most prominent enforcement actions in the history of Crypto.
Read more: Ripple prices analysis: Can XRP maintain $ 2 as a major support level?
The XRP price can explode up
Meanwhile, XRP continues to gain traction in the financial markets. The New York Stock Exchange recently agreed to Teucrium 2x Daily Daily XRP ETF, a reformer box that tracks the price of the original through derivatives.
It is the first ETF related to XRP in the United States and contributed to a rally of approximately 11 % in the distinctive code price, and it is now hovering near $ 2. XRP ETF stain possibilities are launched It also rose Based on SEC’s projection to combat the situation.
Moreover, Jeffrey Kendrick of Standard Charterd expected that the distinctive symbol would exceed the maximum ETHEREUM market by 2028, noting its growing role in global payments. If the SEC case is solved, XRP may be in a better position to chase this prediction.
According to Kendrick analysts, the code price can move to $ 12.5 by the end of 2028 and up to $ 5.5 by the end of this year, which means that it may range three times its current level.
Recently, Ripple has acquired Hidden Road Prime Broker to get a huge deal worth $ 1.25 billion, one of the largest purchases in the encryption market. It is actually the first time that an encrypted company has a global broker platform.
Read more: Fartcoin explodes 220 % in a month: details
As Cryptomode said, Ripple has made a partnership with Chipper Cash to expand its encryption payments in Africa.
