The Ripple Lab vs SEC (Securities and Exchange Commission) lawsuit has been in the spotlight for both the crypto and financial industries in general. It will set the precedent and lay the framework/boundaries for crypto regulation in the US and probably in other countries, which are waiting to see where the US draws the line on this new industry.

Ripple Labs Vs SEC Lawsuit to End in Spring?

So, this is a major case for the crypto industry and there have been many delays in the lawsuit, but we’re getting closer to the end of the road. Ripple holders are somewhat frustrated, since this has been weighing on the price of XRP, but recently this cryptocurrency has been showing some bullish signals, which indicate that the market knows that the end of the lawsuit might be near.

However, this lawsuit might end with a settlement. The SEC continues to drag the case after asking for a reconsideration of the court’s ruling, but the DPP ruling is expected to be confirmed. Emails and notes from Hinman’s 2018 speech are to be handed over to Ripple, which should be enough to force the SEC to accept a settlement. Note that the crypto industry is not short of money, since it is capable of raising massive amounts of funds, as we have seen in the last two years. XRP holders’ attorney, John Deaton, believes that the settlement may come in April or May.

That’s good news for the XRP token, but there’s more. Ripple’s Head of Public Policy tweeted that Ripple seeks to collaborate proactively with the US regulators in Congress regarding smart regulation. This should protect consumers, while fostering innovation at the same time.

Ripple Daily Chart – The 100 SMA Still Holds as Resistance

Sellers look weak as well

Ripple decided to buy back $15 billion of its Series C funding in recent weeks, which shows they are confident that the lawsuit might end soon. XRP has been sensing this, and last month we saw a surge that took the price from $0.55 to $0.92, which is quite a jump. But the 100 SMA (green) stopped the party, and XRP/USD started to reverse lower from there.

Sellers tried the downside but the price went up again, which is another bullish signal. Buyers are finding it hard to push above the 100 SMA, but the price is still sticking to this moving average, which suggests a break to the upside soon.

Ripple Coin XRP Live Chart