XRP's value fell by more than 18% during the past month as pivotal events unfolded in the Ripple-SEC lawsuit. As the XRP Army eagerly anticipates the SEC's reply to Ripple's Motion to Strike on April 29, 2024, Ripple is seeking the court's dismissal of the SEC's recent submissions supporting its initial brief.

On April 29, 2024, XRP's price declined to $0.5075 as the legal battle between Ripple and XRP reached a turning point. Despite a slight 2.91% drop in the last 24 hours, the token saw significant decreases of 5.75% and 18.19% over one week and one month, respectively.

Originating in 2020, the conflict between the SEC and Ripple began with allegations by the SEC against Ripple and its key executives, Brad Garlinghouse and Christian Larsen, for conducting an unregistered digital asset securities offering that raised over $1.3 billion. While Ripple initially celebrated a significant legal victory when Judge Analisa Torres ruled in their favor, subsequent events in the lawsuit have progressed.

Awaiting the SEC's response on April 29, the XRP community, commonly referred to as the XRP Army, is closely monitoring the developments in the Ripple-SEC legal battle.