According to CryptoPotato, the ongoing legal battle between Ripple and the United States Securities and Exchange Commission (SEC) has seen significant developments recently. The trial phase began in April 2024, over three years after the initial proceedings started. Both parties have presented necessary information and documents, adhering to court rules. Despite being in its final stage, a resolution has yet to be reached. Ripple’s CEO has expressed optimism about a resolution occurring soon, while other experts have provided more specific predictions. American attorney Fred Rispoli suggested the case could be officially closed by July 31, whereas Jeremy Hogan believes it could happen before the end of summer. Speculation has been fueled by an SEC meeting scheduled for today, July 25, where the agency is set to discuss topics including the “Institution and settlement of administrative proceedings” and the “Resolution of litigation claims.” This meeting was initially set for July 18 but was rescheduled. However, some industry participants have noted that the SEC often holds similar meetings without addressing the Ripple case. Ripple’s native token, XRP, has been rallying recently, briefly surging to $0.63 last week and currently hovering around $0.61. It is one of the few altcoins that have defied the market-wide correction. Bitcoin (BTC) has dropped 2.5% in the past 24 hours, while Ethereum (ETH) has fallen nearly 10% in the same period. A potential resolution of the Ripple v SEC lawsuit could lead to increased volatility for XRP. A positive outcome for Ripple could trigger a bull run, while an unfavorable decision could hinder its progress. Ripple has secured three partial court victories throughout 2023, which some believe gives the company an advantage. XRP’s price surged by over 70% mere hours after the first victory in July last year when Judge Torres ruled that Ripple’s programmatic sales to secondary trading platforms do not constitute offers of investment contracts.