In a significant development, the U.S. court has instructed Ripple Labs, CEO Brad Garlinghouse, and senior executives to consider an alternative approach to resolving the ongoing lawsuitā€”a move that could substantially impact XRPā€™s future.

Court Directive on Resolution

Rippleā€™s bid for a final ruling on class action claims took an unexpected turn. Judge Phyllis Hamilton issued a directive for Ripple and the plaintiffs to contemplate a ā€œvoluntary dismissal without prejudice.ā€ This means the claims could potentially be refiled individually after a class action appeal, introducing additional uncertainty to the proceedings.

Timeline and Compliance Mandate

The court specified: by November 4, Ripple and the involved parties must either submit an amended proposed order or communicate their decision not to comply.

Critical Upcoming Dates

Pretrial Conference: December 19, 2024

Jury Selection and Trial: January 21, 2025

Additionally, the SEC's efforts to restore charges against Ripple executives Garlinghouse and Larsen are advancing, with final briefings expected by January 15, 2025.

Rippleā€™s Strategic Decision: Potential Outcomes

Should Ripple accept the alternative resolution, XRP might bypass a prolonged court conflict, potentially averting market panic. Conversely, rejecting this directive could intensify the case, exposing XRP to greater legal risks and market volatility.

The stakes continue to rise, with XRPā€™s trajectory hanging in the balance.

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