The post Will XRP Skyrocket to $5 After Ripple Lawsuit Decision Today? Legal Expert Says ‘Don’t Hope..’ appeared first on Coinpedia Fintech News
The legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) continues to keep the crypto community on edge. Recently, both Ripple and the SEC renewed their joint request for an indicative ruling from Judge Analisa Torres — and now, latest rumors on social media claim a decision could arrive as soon as Monday.
If the court approves the motion, many XRP supporters believe the token could quickly surge past $5. But not everyone is convinced this is a realistic outcome.
Expert Issues Warning
Pro-XRP lawyer Bill Morgan warned the community not to get carried away. In a recent post, he reminded followers that it took Judge Torres just seven days to reject a similar joint motion earlier. He suggested that the quick decision in the last case might be a hint that this new motion could face the same fate.
Morgan explained that the strongest part of Ripple and the SEC’s request is their argument that modifying the final judgment is a necessary condition for their settlement. If Judge Torres agrees to lower Ripple’s fine and dissolve the injunction, it would finally end the case, saving court resources by closing both the appeal and cross-appeal.
However, Morgan also pointed out a weakness in this argument. He said that it was Ripple’s choice to make the settlement dependent on modifying the final orders. The parties could have simply agreed to end the legal fight and move on, but Ripple wanted more. Now, they’re essentially asking the court to accept a deal structured on their terms.
“I think she might grant it,” Morgan admitted, “but it also wouldn’t surprise me if she doesn’t.”