XRP On the Edge Of Massive Run in Price If This Happens In Ripple vs. SEC Legal Battle

The ongoing legal brawl between the SEC and Ripple has seen another major development. As (SEC) was rejected the bid to appeal its momentous loss against the blockchain payments company.

As part of the order, the judge raised the chance of the two parties reaching a settlement before the suit goes to trial next year.

Ripple-SEC Settlement Possible Before Trial

In a brief ruling Tuesday, Judge Analisa Torres denied the SEC’s plan to file an interlocutory appeal against Ripple.Torres — ruled in July that Ripple’s XRP token is not necessarily a security on its face — said that the agency failed to show in its appeal that the judgment was sufficiently inaccurate or problematic.

With the motion for appeal dismissed, the case will either go to trial or be settled. The legal teams for both Ripple and SEC are expected to appear for a final pretrial conference on April 16, 2024.Torres ordered both parties to meet for at least an hour to discuss possible settlement prior to this last pretrial conference in an effort to avoid protracted litigation.

Despite the general consensus that the latest decision is largely bullish for Ripple, the SEC could still try to appeal the overall case once the trial concludes.

However,there are suggested that Ripple and SEC could settle this year on one condition:Coinbase’s motion to dismiss the SEC against it is granted.This settlement is likely to happen before the case goes to trial as the SEC won’t want Ripple to call witnesses like Ethereum ICO on how it got special treatment during its (ICO).

There’s no guarantee that they will reach a settlement,nor mandated to do so during the settlement conference.A Ripple-SEC settlement could bring much-needed clarity to XRP’s legal standing. With clear-cut regulations in place, confidence in XRP could skyrocket, attracting new investors,Ripple could unlock new opportunities for XRP to be broadly adopted as a ground-breaking solution for international settlements

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