Until now, the XRP lawsuit has seen many twists and turns, keeping the crypto community on edge. With an unexpected turn, an odd filing was made in requested to present decisive evidence supporting Ripple.
However, former SEC lawyer Marc Fagel shut down speculation, stating that Judge Analisa Torres’ ruling will not be reversed. His comments come as many are still trying to understand what this new filing means for the case.
Will Judge Torres Change The Verdict?
As the lawsuit nears its end, many in the crypto community have been wondering if Judge Torres will reconsider her ruling on XRP. However, Marc Fagel, a former SEC lawyer, firmly rejected this possibility.
According to him, the focus now is not on changing the decision but on adjusting the penalties and remedies. This suggests that while the legal battle is still ongoing, the core ruling will likely remain untouched.
Fagel’s statement has gained attention, as many were expecting dramatic shifts in the case. Instead, his remarks suggest that both parties are now working on resolving the legal penalties rather than altering the previous decision.
Unusual Filing Sparks Doubt
Adding to the drama, a surprising filing has caught the community’s attention. A person named Justin W. Keener submitted a request to introduce what he calls “decisive evidence” in the case.
He claims that this information would benefit both Ripple and American citizens, though no details about the evidence have been provided.
This unexpected move has fueled discussions, with some wondering if it could influence the case. However, Marc Fagel dismissed it entirely. He referred to the filing as nothing more than “spam,” explaining that it was submitted by someone unauthorized to participate in the lawsuit.
Impact On XRP Price
However, the news of the XRP lawsuit ending has boosted confidence in the community, pushing its price up nearly 5% to around $2.15.
Right now, XRP is trying to stay above the $2 support level. If it succeeds, the price could move up to the $2.50–$3.00 range. But if it drops below $2, more selling will drop it down to $1.20.
