XRP Price Dips Below $0.45 as Ripple Awaits Judge Torres’ July Verdict in SEC Case

• The Ripple XRP case sees new developments as a judge sets deadlines for motions and hearings in July.
• Key upcoming dates include a July 8 deadline for a motion to seal and a July 26 deadline for notices regarding expert testimony exclusions.
• XRP price hovers below $0.45 as the market anticipates the final judgment by Judge Torres.

Stay updated on the latest twists in the Ripple XRP lawsuit as critical court dates approach, influencing the market’s perception and the future of cryptocurrency regulations.

Ripple Lawsuit Scheduled for Upcoming Hearings

The ongoing Ripple XRP lawsuit has taken a significant turn. Recently, the court issued a new order, partially granting and denying the motion for a summary judgment. The case has now been scheduled for procedural motions and hearings in the coming month. Notably, the court has indicated that the deadline for filing a narrowed motion to seal is July 8. Furthermore, a timeline of 28 days ending on July 26 has been established for filing notices concerning the exclusion of expert testimony.

Details of the Upcoming Court Dates

Judge Phyllis Hamilton has laid out a comprehensive schedule for the Ripple case. By July 8, parties are expected to submit their narrowed motions to seal. Following this, a separate order will be issued by the court focused on addressing these motions. Additionally, a notice regarding the exclusion of four experts’ testimonies in the case must be filed by July 26. This involves specific testimonies, including those from Steven P. Feinstein, S.P. Kothari, and M. Laurentius, where recent decisions have rendered previous motions moot.

XRP Price Analysis as Legal Proceedings Continue

The XRP market has been volatile in light of the ongoing legal battle. At present, XRP is trading below $0.45, influenced by market activities and investor sentiment surrounding the lawsuit. A significant sell-off by major stakeholders, including whales, has been noted amid the broader cryptocurrency market turbulence. Despite this, XRP showed signs of recovery, climbing to a 24-hour high of $0.438, an indication of cautious optimism among some investors.

Market Reactions and Investor Sentiment

There has been noteworthy trading activity as the XRP price dipped below the $0.40 mark. The market observed a sharp increase in buying volume, with $132 million worth of XRP traded within an hour. This surge points to a bullish sentiment among some market participants, driven by strategic accumulations from notable figures like pro-XRP advocates and investors. As of the latest data, XRP is cautiously recovering, reflecting the mixed sentiments and uncertainty ahead of Judge Torres’ forthcoming final judgment.

Conclusion

The Ripple XRP lawsuit is entering a critical phase with upcoming court dates set to potentially influence the case’s trajectory. As July’s deadlines approach, the cryptocurrency community remains keenly focused on the outcome of these legal proceedings. For XRP investors and the broader crypto market, these developments could provide crucial insights into future regulatory frameworks and market behaviors. Stay tuned as we continue to monitor and report on these pivotal updates.