XRP Lawsuit Update: Will XRP Win Against SEC With Ground Breaking Update

Update

The legal dispute between Ripple Labs, the creator of XRP, and the US Securities and Exchange Commission (SEC), has been ongoing since 2020.

The SEC and Ripple Labs have each filed requests for summary judgment. Numerous business leaders are attempting to participate in the court proceedings in the key litigation between the US SEC and Ripple, which is becoming increasingly heated.

People interested in the Ripple litigation anticipate that the Summary Judgement decisions may take longer than expected. However, the lawyer for XRP investors has clarified the situation.

Coins like The Hideaways are catching the eyes of Ripple whales as it has the potential to do Ripple-like gains from presale.

XRP Lawyers Expect Early Ruling In XRP Court Update

The XRP community anticipates that a decision on the SEC and Ripple's requests for summary judgment will be ready by November 18, 2022. But they speculate that it might take considerably longer given the situation.

John Deaton, the advisor in the Ripple lawsuit, highlights some significant court dates.

Deaton stated that response briefs are due on November 15, 2022. The response will be delivered with a seal on it. The public copies, which have been censored, will be available by November 21.

The XRP coin is gaining momentum as the SEC-Ripple legal battle draws close, and investors seem prepared for a bullish trend.

Due to the case, the XRP/USD pair is trading roughly on the daily chart, with adequate support close to $0.4413 and an upward trendline offering support. Furthermore, XRP remains over $0.450 thanks to the 50-day moving average.

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