Ripple secured another significant victory in its legal battle against the US Securities and Exchange Commission (SEC) on October 3, as a federal judge dismissed the regulator's intention to appeal a mid-July ruling. The judge found "substantial ground for difference of opinion," suggesting an appeal would not advance the case toward a conclusion. The trial in the lengthy lawsuit is scheduled for April 23, 2024, with both parties required to submit all necessary pretrial filings and documents by December 4, 2023.

Following this win, XRP's price surged to nearly $0.55 amid a broader cryptocurrency market decline, marking its second significant price increase in response to legal developments. This comes after XRP's impressive spike in July, when its price skyrocketed by over 70%, surpassing the $0.85 mark. The outcome of the lawsuit could have a huge impact on the entire cryptocurrency industry and the regulatory environment in the US.