The ongoing legal fight between Ripple Labs, a blockchain payments company, and the U.S. Securities and Exchange Commission (SEC) is nearing its conclusion. As they work out the final details and remedies, there might still be some unexpected developments.

XRP's Price Movements During the Ripple vs SEC Drama

The biggest shock came last July when Judge Analisa Torres ruled that XRP itself isn't an investment contract. However, more surprises could be on the way. One potential twist involves the latest arguments from Ripple and SEC lawyers about whether to keep certain confidential documents sealed.

As both sides await the court's decision on the penalty for Ripple Labs' sale of XRP to institutional investors, there's a chance the judge might allow some disputed financial documents to be made public. It's unclear which documents Ripple wants to keep secret and how their release could affect the market, but any such ruling could negatively impact XRP.

Since the lawsuit began in December 2020, XRP's price has suffered significantly. Even after the July 2023 ruling, XRP couldn't surpass the $1 mark, indicating that many investors are waiting for the lawsuit to be fully resolved before making a move.

Currently, XRP is trading at $0.5114, down 1.33% in the last 24 hours. Over the past month, it has traded within a narrow range of $0.4879 to $0.5688. Although there is hope for a price breakout, further unexpected developments in the Ripple vs SEC case could push the price down.

Expectations for XRP Price Breakout and ETF

Many analysts believe XRP's price is in a dormant phase, poised to rise significantly in the future. Several factors could contribute to this long-term breakout.

One potential catalyst is the possible approval of a spot XRP ETF by the SEC. Ripple's CEO, Brad Garlinghouse, is very hopeful about this. With the recent approval of spot Bitcoin and Ethereum ETFs, many in the crypto industry think it's only a matter of time before other assets like XRP and Solana (SOL) get similar products.

Conclusion

As the legal battle between Ripple and the SEC nears its end, XRP faces potential surprises that could impact its price. While a price breakout is anticipated by many, the outcome of this case will play a crucial role in determining XRP's future.