The Ripple Labs lawsuit against the U.S. Securities and Exchange Commission (SEC) may be concluded significantly sooner than previously anticipated. Legal expert Bill Morgan suggests a final decision could emerge within weeks.
Discussion on Case Resolution Timeline
According to Morgan, Judge Analisa Torres is unlikely to reject the current joint motion unless she intends to reverse her earlier summary judgment. He cautioned that such an action would be unlikely, given the importance of judicial consistency. His remarks have restored optimism in the XRP community that a resolution may soon be forthcoming.
Increased Interest in XRP ETF
The near resolution of the case has also accelerated discussions around a potential spot XRP exchange-traded fund. Legal clarity is widely seen as a prerequisite for ETF approval, and institutions are preparing for the outcome. Bloomberg analysts have noted that approval odds have increased, following signs of engagement between the SEC and prominent asset managers.
Current Technical Indicators and Price Forecasts
Currently, XRP trades at $2.03, with stable support at $2.00 and $2.08. Resistance is at $2.52 and $2.79, while targets for extension will be at $3.07 and $3.24 should buying pressure increase. The Relative Strength Index (RSI), sitting at 44, reflects a neutral stance nearing oversold conditions.
Despite the increasing market uncertainty, experts continue to predict a swift conclusion to the Ripple-SEC case. The growing institutional interest and balanced technical indicators could indicate that XRP is on the brink of entering a new, more successful phase.
