- Ripple and the SEC have agreed to pause their lawsuit appeal, awaiting final court approval of their settlement.
- Meanwhile, Ripple is accelerating business growth with a $1.25B acquisition and rising momentum around an XRP ETF.
In a pivotal turn of events for the crypto world, Ripple Labs and the United States Securities and Exchange Commission (SEC) have jointly filed a motion to pause the appeal of their long-running legal battle. Following a mutual settlement, both parties have urged the U.S. Court of Appeals for the Second Circuit to hold the lawsuit’s appeal in abeyance, signaling the start of a new chapter for XRP.
The filing, which also involves Ripple executives Brad Garlinghouse and Chris Larsen, effectively pauses any immediate legal obligations until the court gives its final nod. This move is not only a cost-saving measure but also a strategic step to avoid further delays.
Attorney James Filan, who shared the court documents, noted that Ripple will be required to submit a status report within 60 days if the settlement isn’t finalized—keeping the door open for accountability.
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Ripple Rebounds with $1.25B Acquisition
With legal distractions fading, Ripple is going full steam ahead on the business front. On April 9, Ripple announced its acquisition of prime brokerage firm Hidden Road in a massive $1.25 billion deal. Industry insiders see this as a bold push to cement Ripple’s place in mainstream finance.
Meanwhile, momentum continues to build around the possibility of an XRP exchange-traded fund (ETF). Grayscale Investments, among others, has filed to convert its XRP Trust into a spot ETF, and the SEC has already placed it under review—marking a first for the crypto asset. Rumors are also swirling about BlackRock possibly entering the XRP ETF race.
XRP Market Outlook: Bullish Momentum on the Horizon?
Despite a modest 3.13% dip, XRP is still trading strongly at $1.90 with a daily trading volume exceeding $4.9 billion. The recent approval of Teucrium’s 2X Long Daily XRP ETF by NYSE Arca has injected fresh optimism into the market.
Notably, crypto analyst Egrag Crypto forecasts an ambitious price target of $27 for XRP, citing a strengthening ecosystem and growing institutional interest.
With the SEC case nearly behind it, Ripple’s focus has shifted squarely toward innovation and growth—setting the stage for what could be its most transformative year yet.
