Ripple’s SEC Lawsuit Nears End: What a Settlement Could Mean for XRP

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The Ripple lawsuit is nearing a major turning point as a settlement is reportedly on Thursday’s closed meeting agenda.
A favorable resolution could pave the way for the launch of an XRP spot ETF.
XRP could potentially return to the $1 threshold following the development.

A rescheduled closed-door meeting at the Securities and Exchange Commission (SEC) has reignited speculation about a potential settlement in the ongoing legal battle between Ripple Labs and the regulator. The meeting, now slated for July 25th, has sparked renewed optimism among XRP investors, who are closely watching for any signs of resolution in a case that could have far-reaching implications for the cryptocurrency market.

The SEC had previously planned to hold this closed-door session on July 18 but canceled it at the last minute. The regulator quickly fixed the new date for the meeting, which will now be held on Thursday.

Following the update, the price of XRP got a major boost as the meeting agenda included discussions of settling the SEC’s pending lawsuits. Market participants anticipate the settlement terms could significantly impact XRP’s near-term price trends.

The SEC filed …

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