Why California court’s ruling marks key turning point in XRP legal battle

• The California District Court issued an order to expedite XRP’s judgment process.
• Judge Phyllis Hamilton approved a joint request from Ripple and the plaintiffs to proceed toward a final judgment, affirming rulings favouring Ripple Labs, XRP II LLC, and CEO Brad Garlinghouse.
• At the same time, XRP was trading at $1.56 with a 24-hour trading volume of $6,58,82,91,609, according to CoinMarketCap.

There is good news for XRP and its community. In a significant advancement in the Ripple Labs Inc. litigation, the California District Court issued an order to expedite the judgment process. This decision follows a motion to amend an earlier ruling regarding judgment and stay, marking another pivotal moment in the protracted XRP lawsuit

Ripple and the plaintiffs submitted a joint proposal, indicating no further delays were necessary after the resolution of class claims.

The plaintiffs sought an “express finding in an amended judgment” to eliminate ambiguity surrounding the finality of the court’s decision. However, a relief claim against Ripple and other defendants remains stayed until appeals tied to the XRP lawsuit reach a conclusion.

Court Decision Strengthens XRP’s Position

Judge Phyllis Hamilton approved a joint request from Ripple and the plaintiffs to proceed toward a final judgment, affirming rulings in favor of Ripple Labs, XRP II LLC, and CEO Brad Garlinghouse. This decision reinforces Ripple’s position amidst ongoing legal challenges.

Previously, the court suggested exploring alternative resolutions for individual claims, with the trial date for unresolved matters set for January 21. Following the appeals process, new trial dates may be scheduled as needed.

What’s next for XRP Lawsuit?

The class action lawsuit is nearing closure, with primary concerns related to XRP losses largely addressed. At the same of writing, XRP was trading at $1.56 with a 24-hour trading volume of $6,58,82,91,609, according to CoinMarketCap.

Currently, XRP is reflecting a weekly gain of nearly 12.5% and over 89.2% in the past 14 days.  

XRP’s Legal Battles: A Catalyst for Growth

The XRP lawsuit developments, paired with broader market trends, highlight Ripple’s resilience and XRP’s growing relevance in the cryptocurrency ecosystem. As legal hurdles clear, the trajectory of XRP remains a focal point for investors and crypto enthusiasts alike.