The clock runs in the current legal battle between Ripple and the dry. With only a few days until June 16, before the dry must respond to the court of appeal, all eyes are on what is happening next.
Bill Morgan shared in a recent post X that if nothing happens by then, Ripple’s call and call advance and Ripple will have to submit his next legal briefing. However, if a new request is pending before Judge Torres, he could push the procedure of an additional 60 days.
June 16 – Not the payment date!
Rumors on social networks are widespread according to which the Ripple vs dry trial will end on June 16, but this is not true. Fred Rispoli clarified that June 16 is in fact a deadline for the parties to give an update of status to the American Court of Appeal, and not the day the case is decided.
This occurs after judge Analisa Torres rejected Ripple and the attempted settlement of the dry. Lawyer Fred Rispoli noted that for 20 days that Torres rejected him and that none of the parties have recovered. With the deadline of June 16 for an update of nearby status, Fred expects a new request to be submitted soon.
He says that Ripple and the dry must make amends if they want approval. Ripple is probably ready to comply, but the big question is as follows: how far is the dry willing to go publicly?
Could the legal battle flow for 2 more months?
Ripple against dry could hang around two months, explains Bill Morgan. Some say that a fine of $ 50 million and an injunction elevator have agreed but not yet submitted. But so far, there has been no official evidence of a regulation and all of these rumors remain not verified.
XRP prices fall in the middle of the legal drama
The June 16 update could increase the price of XRP. If the legal deposits occur as planned in the district and the courts of appeal, this could help repel the price of XRP to around $ 2.50. XRP is currently negotiated at $ 2.25, down 2.2% in the last 24 hours.
For XRP to recover, a favorable decision on the terms of settlement is essential, because it could lead Ripple to abandon its trick and the dry to withdraw its call on programmatic sales. In the short term, the price of XRP will probably depend on the updates of the court and all news concerning an ETF Spot.
