XRP Lawsuit Update: Ripple Pushes for Court Approval to Resume Private Token Sales

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The 10-year-long case showcasing Ripple’s true commitment and breaking the chain of SEC’s manipulation and injustice has finally reached its last leg. In the epitome case of Rippel vs SEC, US SEC may finally be inching toward its conclusion, but before that don’t start the party yet as there’s still one big hurdle left on the road to resolution. While both parties have agreed to pause their appeals and explore a potential settlement, legal experts point to one remaining twist that could define Ripple’s future and its IPO possibilities.

Ripple Pushes for More Than Just Settlement

1/20 What’s next in the Ripple/SEC saga (TLDR; you are probably measuring this in months and not days).

— James Farrell (@Farrell1969) April 16, 2025

Crypto lawyer James Farrell has broken down what’s happening behind the scenes in the XRP lawsuit. According to him, Ripple isn’t just looking to settle with the SEC, it’s also seeking an “indicative ruling” from Judge Analisa Torres. This would allow the judge to modify her earlier judgment in a way that clears Ripple’s path for private XRP sales, which is essential for its potential Initial Public Offering (IPO).

Without this specific ruling, Ripple’s chances of going public in the next few years are close to zero, Farrell says. While a settlement could bring legal peace, it’s this ruling that would unlock new business opportunities for Ripple, especially if it wants to list shares in the US markets.

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SEC Procedures Could Slow Things Down

Although the appeals process is now paused, Farrell warns that things could get complicated again if the SEC drags its feet on the indicative ruling. Ripple might submit both a settlement proposal and a ruling request at the same time, either jointly or separately, but even with SEC support, the process could take six months or longer in district court.

If Judge Torres agrees to modify her previous decision, the appeal could end shortly after. But if she refuses, the case might head back to the appellate court, and the outcome could be delayed until early 2027.

XRP Price Poised for Lift-Off?

Despite the case proceedings, crypto traders are keeping a close eye on XRP’s price. Analysts suggest that the lawsuit’s resolution could send XRP soaring, with $2 now being seen as the possible price floor for a parabolic rally.

Notably, XRP has seen a strong 20% surge over the past week, reclaiming the $2 level, and analyst Maelius believes this could be the early phase of a much larger move. Sharing his view on X, he explained that XRP’s current market structure on higher time frames looks bullish, especially after the recent rebound from the 50-week EMA, which has historically signaled major uptrends. According to Maelius, XRP might be entering the final leg of an Elliott Wave cycle, known as Wave 5; he sees a potential climb to $10 with a 35 % probability.