Will XRP Skyrocket to $5 After Ripple Lawsuit Decision Today? Legal Expert Says ‘Don’t Hope..’

The legal battle between Ripple and the Securities and Exchange Commission (SEC) American continues to maintain the cryptographic community on the edge. Recently, Ripple and the SEC have renewed their joint request for an indicative decision of judge Annala Torres – and now, the last rumors on social networks claim that a decision could happen on Monday.

If the court approves the request, many XRP supporters think that the token could quickly exceed $ 5. But not everyone is convinced that it is a realistic result.

Expert problems warning

The pro-XRP lawyer, Bill Morgan, warned the community of not being carried away. In a recent article, he reminded the followers that it took seven days of judge Torres to reject a similar joint motion earlier. He suggested that the rapid decision in the last case could be an indication that this new motion could face the same fate.

Morgan explained that the strongest part of Ripple and the request of the SEC is their argument that the modification of the final judgment is a necessary condition for their regulations. If Judge Torres agrees to reduce the fine of Ripple and dissolve the injunction, this would ultimately end the case, saving legal resources by closing both the appeal and the transfer.

However, Morgan also underlined a weakness in this argument. He said it was Ripple’s choice to make the settlement that depended on the modification of the final orders. The parties could simply have agreed to put an end to the legal struggle and to move on, but Ripple wanted more. Now they essentially ask the court to accept a structured agreement according to their conditions.

“I think she could grant it,” admitted Morgan, “but that wouldn’t surprise me either if she doesn’t.”