Ripple & SEC Reach Pause, Settlement Likely: Key Developments Explained

Ripple and the SEC have paused their ongoing lawsuit appeal, suggesting a potential settlement agreement is in place. This pause was granted following a joint motion filed by both parties and will require an update from the SEC by June 9th. The future of Ripple’s XRP token hangs in the balance as this legal battle has been crucial for Ripple’s ability to launch an IPO. Analysts suggest that a settlement could drive significant market optimism, with potential price surges for XRP, potentially hitting $10.