The court has decided to speed up the process of reaching a final judgment in the class action lawsuit against XRP that started a while ago. This came after both Ripple and the plaintiffs agreed that there was no reason to delay the case any longer.
The plaintiffs want the court to clarify its earlier decision so there’s no confusion about the final outcome. However, some claims against Ripple are currently on hold until the appeals are resolved. Once the appeal regarding the class claims is settled, both parties must jointly request to lift the hold on the remaining claims.
The court has ruled in favor of Ripple Labs and its CEO, Brad Garlinghouse, which is a positive outcome for them. A trial date has been set for January 21, but this may change depending on the appeals process.
XRP Price Keeps Looking
The days when Ripple’s XRP price did not move because of the ongoing lawsuit seem to be behind us. The price has been growing strong for the past three weeks, and many analysts are even hoping for higher prices.
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The price has been climbing new support levels, which has helped its value increase. XRP’s price recently tested a new support level at around $1.30. This support is currently holding. If things continue like this, we might be seeing the next major leg up in no time.
The optimism about the potential conclusion of another significant case involving Ripple and the SEC is fueling positive sentiments within the ecosystem.
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