The US SEC-Ripple (XRP) case needs no further introduction. The intense legal battle has been going on for more than two years and has attracted significant market scrutiny throughout the period. The extensive legal spat has now taken a new turn, as Garlinghouse predicts a new timeline for the Ripple-SEC case to be over soon. Backed by solid evidence in the form of Garlinghouse comments, Bloomberg shared that the case is finally coming to a much-anticipated end.
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Ripple(XRP): Here’s What Happened
In a recent Bloomberg interview, Brad Garlinghouse, CEO of Ripple, shared that the Ripple case with the SEC may soon come to an end. Without sharing much detail, Garlinghouse stated that he expects the legal resolution to arrive sooner, putting a stop to the mayhem that has blocked XRP from claiming its rightful position and reputation within the cryptocurrency realm.
Leading crypto forum Wu Blockchain reiterated the same, adding how the next US SEC-Ripple closed-door meeting may usher in a final verdict about the case.
“According to Bloomberg, Ripple CEO Brad Garlinghouse expects the company to soon resolve its years-long lawsuit with the U.S. SEC. It is speculated that XRP will announce a settlement after a closed-door meeting with the U.S. SEC next week.”
Ripple Price Trajectory Spikes As Speculatory Spree Grows
The speculatory spree of crypto X has topped a new milestone as the community awaits the final verdict on the Ripple-SEC case. XRP has also started to show upward momentum, as the token recently touched the new $0.60 mark. At press time, the token sits at a price threshold of $0.5917, down 0.92%.
The data from Santiment further adds credibility to XRP’s rise as the platform shares new positive metrics concerning the token. The platform shared how user activity on the XRP ledger has peaked, with new addresses and active address metrics spiking to their highest level since March 2024.
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The closed-door meeting for the Ripple-SEC case is scheduled for July 25.
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