Ripple Labs (XRP) and the US Securities and Exchange Commission (SEC) have submitted a collective motion aiming to pause their appeals for a period of 60 days, moving the prolonged legal conflict closer to a likely resolution.

The motion outlined that Ripple and the SEC have achieved a preliminary agreement, pending formal SEC approval, to settle the ongoing dispute, which includes the SEC’s appeal and Ripple’s subsequent response.

💥JUST IN: THE US SEC AND RIPPLE FILE JOINT MOTION TO PAUSE APPEALS TO FINALIZE SETTLEMENT BE READY $XRP 🚀 pic.twitter.com/Mwry1NqvtW — Amonyx (@amonbuy) April 11, 2025

Ripple’s Protracted Legal Struggle with the SEC Nears Conclusion

The filing indicated, “An abeyance would conserve judicial and party resources while the parties continue to pursue a negotiated resolution of this matter.”

The legal battle between SEC and Ripple Labs has been notable in the cryptocurrency landscape, stretching nearly five years since the SEC initiated a lawsuit in December 2020 regarding the sale of XRP tokens, which the agency claimed violated federal securities regulations.

This case has drawn considerable attention and has remained a key discussion point, particularly concerning whether XRP should be classified as a financial security.

Open dialogue surrounding digital assets has shifted notably since Donald Trump’s election victory, as the SEC has recently adopted a more lenient approach towards these assets.

Since the start of the current year, the SEC has withdrawn lawsuits against several cryptocurrency enterprises, including Coinbase, Uniswap, and Kraken.

Despite the core contention regarding asset classification, the SEC’s reorganized leadership aims to delineate which cryptocurrencies are not financial securities.

The SEC also recently announced that meme coins do not fit the securities categorization, maintaining that illegal actions or fraud will still face legal repercussions.

🚨BREAKING NEWS: The SEC just shared simple rules on how crypto companies should follow U.S. laws and what they must tell the public. $XRP pic.twitter.com/WVFUjc4T1I — Brett (@Brett_Crypto_X) April 11, 2025

XRP Returns Above $2 Following SEC Collaboration News

Following the announcement, XRP has surged beyond the $2 mark, rising approximately 4% from its previous low of $1.92 to a current valuation of $2.01, as noted by CoinGecko.

Previously, when news broke in November 2024 regarding the SEC’s decision to retract its case against Ripple, XRP experienced a remarkable increase of over 500%, advancing from $0.5 to $3.31 by January 2025.

This recent news, long awaited by the XRP community, promises to ignite further rises in XRP’s price. Many hold the belief that the SEC’s actions have hindered the asset’s market potential, with some speculating it could have reached $100 under different conditions.

Moreover, concurrent with the settlement discussions, XRP appears positioned to be an upcoming contender for a spot ETF listing. By April 8, eleven asset managers, including Bitwise, 21shares, Grayscale, and Franklin Templeton, have sought approval for spot XRP ETF products.

As discussions progress, concerns linger about XRP’s capacity to retain the $2 threshold, with the next significant support level resting at $1. Currently, XRP has stabilized above $2, supported by numerous bullish indicators suggesting a return to all-time peaks near $3.3.