According to CryptoPotato, the long-standing lawsuit between Ripple and the US Securities and Exchange Commission (SEC) is set to enter a critical phase with the start of the grand trial on April 23. The lawsuit has been ongoing for over three years, and its final resolution could have a positive impact on XRP's price if Ripple secures a decisive win. However, the trial's beginning does not necessarily mean the legal case will be over this year. The AI-powered chatbot ChatGPT estimated that the lawsuit might be finally resolved in 2026 due to delays and appeals from both sides.
Prior to the trial, Ripple and the regulator must comply with mandatory court rules. The SEC filed its brief with respect to remedies, while the company's opposition letter should come no later than April 22. Despite their differences, Ripple and the agency recently filed a joint letter seeking the authorities' approval "to govern sealing issues relating to the upcoming remedies-related briefing." Some believe that Ripple will enter the trial with the upper hand after securing three vital, yet partial, court victories throughout 2023. The price of its native token reacted positively to each of those, soaring by double digits after the first win. The possible outcome of the lawsuit is one factor that could fuel an XRP rally this year.