HomeMarket NewsXRP

Lawyer Slams Trending Speculation About Ripple Lawsuit Continuation and XRP Price Outlook

Lawyer Slams Trending Speculation About Ripple Lawsuit Continuation and XRP Price Outlook

  • Lawyer dismisses claims of ongoing Ripple lawsuit and price surge.
  • Community split over XRP’s future after speculation about court decision.
  • Debate grows as community members weigh legal clarity against market expectations.

According to recent online discussions, a post from commentator Ray sparked renewed speculation about the Ripple vs SEC lawsuit. Ray suggested that Judge Analisa Torres still needed to give final approval in the case and hinted that such a move could push XRP’s price toward $5.


The post on X caught the attention of some within the XRP community, who believed that it could be the catalyst for a price rally in the market.


However, lawyer Bill Morgan publicly dismissed the suggestion, stating that the case was already concluded and that Judge Torres had no further role to play. His answer directly opposed the gossip making rounds and tried to explain that there was nothing else left to do as far as court action was concerned.



Also Read: Bitcoin Hits $121,000 but Peter Schiff Warns of Looming Crypto Market Meltdown


Diverging Views Within the XRP Community

The reaction to the post on X showed that people are still not entirely updated with the actual outcome of the case. Some members backed Ray’s view, arguing that the court still has a decision to make concerning the case dismissal and lifting the injunction placed on Ripple.


Precisely, Th1ckN355, one of those in this category, focused on the removal of the restriction on Ripple institutional sales, arguing that the removal would catalyze XRP’s price growth to new heights. However, the reality is that the case is finally over, and no further court action is required.


36crypto previously reported on August 7 that both Ripple and the SEC jointly moved to dismiss their appeals after an official filing to the Second Circuit Court of Appeals. This decision brought the over four-year-long court saga to an end.


The more informed XRP community members supported Morgan and opposed the opinion that additional legal measures were necessary. One such, Nathan Pennock, was harsh on the speculation, stating that the false speculation was merely an expression of disappointment with XRP’s price behavior following the case resolution, encouraging holders to recognize and accept that the case was closed and the token had failed to respond as expected.



Likewise, Jason Krypto explained that the issue was already settled and priced in and that the result would no more affect the XRP market trend.


The argument demonstrates the gap between those who are still looking for legal triggers to see the price of XRP surge and those who think the effect has already passed. XRP’s future price movement would now depend on broader adoption and potential ETF approval, and not the effect of the result of the lawsuit.


Conclusion

With legal professionals and parts of the community dismissing ongoing speculation, the discussion underscores how social media narratives can influence sentiment. Despite differing views, it is important to understand that the case has been settled and no further action from Judge Torres or the court is expected.


Also Read: Shiba Inu Price Rejection Sparks Fears of Drop Toward Crucial $0.00001000 Support