Ripple's ongoing lawsuit with the US Securities and Exchange Commission (SEC) over its XRP sales has seen some favorable rulings for the company. The case, which has been in progress for over three and a half years, has seen the SEC positioned as the underdog after Ripple's programmatic sales to secondary trading platforms were ruled not to be offers of investment contracts in July 2023.

The case entered its trial phase in April this year, and a resolution could be imminent. However, the complexity of the legal process could also prolong the lawsuit indefinitely. The SEC initially sought a $2 billion fine on Ripple, but has since lowered its demand to $102.6 million.

The outcome of the lawsuit is expected to cause significant volatility for XRP and the broader crypto market. A win for Ripple could potentially trigger an XRP rally, while an SEC victory could lead to a pullback for the crypto sector. Despite the uncertainty, the market remains optimistic about the potential for a positive outcome.