- The lawsuit between Ripple and the SEC will reach a conclusive end in April.
- A perceived positive outcome for XRP could lead to a price surge, targeting $1.
- Bullish sentiment exists among XRP users, as seen in the altcoin’s recent price behavior.
The lawsuit between Ripple and the U.S. Securities and Exchange Commission (SEC) would reach a conclusive end in April. There are two significant dates for specific actions that would determine the lawsuit’s outcome, and users believe the court’s decision would determine XRP’s price trajectory.
According to court filings, April 12 is the deadline for submitting motions opposing remedies proposals, while the final remedies deadline is April 29. The court will also determine the penalties for Ripple’s institutional XRP sales on the latter date.
Considering prevailing sentiments, a perceived positive outcome for XRP could lead to a price surge. The altcoin experienced a similar situation last July with a partial court victory. According to the data, XRP surged over 100% shortly after the court ruled that Ripple’s token sales did not constitute investment contracts. Many users believe another perceived fa…
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