US judge Analisa Torres recently denied the SEC's appeal from a July ruling favoring Ripple, with the pivotal trial scheduled for April 23, 2024. Following Ripple's legal victory, XRP's price rose to around $0.55, after a previous jump to over $0.85. Some speculate the SEC might drop the case against Ripple, but many believe the agency will persist or seek delays.

The latest court decision has led to increased enthusiasm for a decisive victory for Ripple. The trial's outcome could be crucial for the entire cryptocurrency sector and the future regulatory environment in the US. Ripple's recent wins against the SEC have prompted price increases for XRP and speculation that the regulator might prematurely end the battle for various reasons.

However, most commentators argue that such a scenario is highly unlikely given the SEC's determination in previous cases. Some predict the agency will not call it quits but attempt to delay the conclusion as long as possible.