TLDR
Ripple’s recent 200M XRP transfer fuels speculation ahead of potential settlement in the Ripple vs. SEC lawsuit.
XRP lawyer Bill Morgan predicts a settlement in the Ripple-SEC lawsuit within weeks, signaling closure after years of legal battles.
XRP’s price consolidation hints at a possible breakout, with analysts predicting a 530% surge similar to its 2017 rally.
Ripple’s strategic moves amid legal proceedings, including reducing penalties, could shape XRP’s future market momentum.
A significant transfer of 200 million XRP (worth approximately $439 million) has recently taken place, with Ripple moving the funds to an unknown wallet.
This transfer has raised several questions about the company’s strategic movements as the ongoing Ripple vs. SEC lawsuit nears its resolution. XRP lawyer Bill Morgan has shared his thoughts, predicting that the lawsuit could reach a settlement within weeks, based on the recent developments in the case.
XRP Lawsuit Close to Conclusion
The Ripple vs. SEC lawsuit, which has been ongoing for years, is now drawing closer to its final stages. Bill Morgan, a lawyer representing XRP, stated that a settlement is likely within weeks. According to Morgan, the settlement’s approval depends on an indicative ruling from the court. The ruling is expected to be key in resolving the ongoing issues between the SEC and Ripple.
“The SEC and Ripple are both awaiting the ruling, and if approved, the case will likely come to an end very soon,” Morgan commented in a recent update.
Both Ripple and the SEC have filed a joint motion requesting this ruling, signaling their desire to settle the case amicably. Morgan’s optimism stems from the growing consensus that a resolution is possible after Judge Torres approves the motion.
Key Steps in the Lawsuit’s Progression
The legal battle has gone through multiple phases. After initial rulings, Ripple and the SEC came to an agreement, signing a settlement in April and May of 2025. Following this, both parties requested an indicative ruling to move forward with the case. The ruling would allow both sides to adjust certain aspects of the penalties and the ongoing injunction against Ripple’s sales of institutional XRP.
The SEC and Ripple filed a motion for the indicative ruling in May 2025, but the court initially denied it. However, both parties persisted, submitting a second motion in June 2025.
This motion, supported by a supplemental letter from Ripple, further emphasizes the intent to settle and modify the penalty, potentially reducing the fine from $125 million to $50 million. Ripple has stated that the court’s summary judgment will remain intact, and only the penalties and injunctive relief would be modified.
Ripple’s Financial Moves Amidst Legal Developments
The recent transfer of 200 million XRP from Ripple to an unknown wallet has caught the attention of the crypto community.
This move is particularly notable given the ongoing lawsuit. While Ripple has not commented directly on the purpose of the transfer, it is clear that the company is positioning itself strategically, possibly in preparation for an outcome in the lawsuit.
At the time of writing, XRP’s price has been fluctuating, currently trading at around $2.15. XRP experienced a slight dip, reflecting broader market trends. Despite this, analysts believe XRP could see a significant price rally in the future. Some predict a potential 530% increase in the token’s value, pointing to the consolidation pattern that mirrors the price action seen in 2017 before a major breakout.
Potential Price Movement and Market Sentiment
The XRP market has shown signs of consolidation, with the price trading between $2.05 and $2.40 in recent weeks.
Analysts suggest that if XRP follows a similar pattern to its 2017 price action, it could experience a major breakout, potentially reaching double digits. XRP’s price action has generated a sense of optimism among investors, especially with the potential for a positive outcome in the lawsuit.
Crypto analyst Mikybull Crypto noted that the current price pattern resembles that of 2017, a period when XRP saw a massive upward movement. “We are seeing similar signals that preceded the 1,300% rally in 2017,” the analyst shared in a recent update. While market conditions remain unpredictable, many investors are watching XRP closely, anticipating a potential rally following the lawsuit’s resolution.
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