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Analysts speculate that a favorable outcome for the firm could trigger a significant price rally for XRP, reflecting positive responses to previous partial court victories in 2023.The lengthy legal spat between Ripple and the United States Securities and Exchange Commission is nearing its final chapter, with a grand trialfor April 23. The lawsuit started in December 2020, when the regulator accused the company of illegally raising more than $1.
And while the crypto community awaits the trial next week, an essential development that will take place on April 16 is also worth noting. According to a recentGenerally speaking, this is a court hearing where a prosecutor and a defense attorney meet to discuss whether a lawsuit should go to trial or be resolved via a mutual agreement.
Pro-XRP analysts have stressed the importance of the event, claiming it may be followed by a settlement between Ripple and the SEC. The X user JackTheRipplerThe price of Ripple’s native token was among the worst-affected cryptocurrencies during the latest market crash, dropping by 15% on a weekly scale. Today , though, XRP is recovering, crossing the $0.50 mark once again.Some believe that the price may rally substantially in the event of a decisive Ripple win against the SEC.
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