XRP Rallies as Ripple-SEC Lawsuit Nears Possible Settlement
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Judge Torres responded to SEC letter, requesting time until November 9 for both parties to agree on briefing schedule regarding remedies. Gave ultimatum that court will set schedule if no agreement.
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XRP price up 15% in past week, boosted by recent Bitcoin rally. Currently at crucial level, needs to sustain gains to keep rally going.
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Open Interest in XRP futures/options has increased 48% since September, signaling bullishness among investors as lawsuit resolution approaches.
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Partial win for Ripple in July court ruling, but still need to litigate over $729M received from institutional investors. Chance remains for settlement before final judgment.
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Implications for crypto industry remain unclear. Ruling offers wins for both sides but doesn't define what makes a digital asset a security. Key questions around decentralization and institutional vs. retail sales persist.