In the ongoing legal dispute between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), the focus now shifts to the disagreement over the penalty Ripple should face for its alleged violation of securities laws in relation to offering XRP to institutional investors.

Ripple has raised objections against the SEC's inclusion of an expert declaration by Andrea Fox in a post-discovery brief, claiming it was submitted after the court deadline. This motion to strike the Fox Declaration is pivotal as it pertains to the assessment of potential financial harm suffered by institutional investors.

Pro-XRP legal representatives have expressed their views on the impending outcome of the legal proceedings. Bill Morgan, a prominent lawyer supporting Ripple, anticipates a negative ruling for Ripple, suggesting that the judge may acknowledge Fox's expert testimony and request further examination by Ripple's legal team.

Jeremy Hogan, another attorney involved in the case, shares Morgan's sentiment, foreseeing a similar outcome where Ripple is likely to lose the motion and be required to depose Andrea Fox, despite her status as an expert witness.

The unfolding events in the XRP lawsuit have sparked optimism among investors, leading to a rise in XRP's price as both large investors and retail traders seize the opportunity. Despite fluctuations in market trading volumes due to options expiry, there remains a positive outlook for XRP's value, fueled by recent market trends and a perceived potential for significant recovery.

Over the past 24 hours, XRP's price has experienced a modest increase of over 1%, currently hovering above $0.521. The price range fluctuated between $0.512 and $0.524 during this period, accompanied by a notable uptick in trading volume, reflecting heightened interest and activity among traders.