Ripple Wins Motion to Expedite Court Judgment as XRP Price Prepares for Next Leg Up

The court has expedited the class action lawsuit against XRP after Ripple and the plaintiffs agreed to conclude the case promptly.

The plaintiffs seek clarification on the court's prior ruling to avoid ambiguity in the final judgment. However, some claims against Ripple are on hold pending appellate resolution. The parties must jointly request to lift the hold on the remaining claims once the appeal regarding the class claims is settled.

The court has ruled favorably for Ripple Labs and its CEO, Brad Garlinghouse. A trial date of January 21st has been set but may be adjusted based on the appeals process.

XRP Price Momentum

The XRP price has exhibited notable growth over the past three weeks, despite the ongoing lawsuit. Analysts anticipate further price increases.

The price has established new support levels, bolstering its value. It recently tested and held a new support level around $1.30. Sustained momentum could lead to significant gains in the near future.

The positive sentiments surrounding the potential resolution of the Ripple-SEC case are buoying the ecosystem.