After a rather lengthy legal procedure between Ripple Labs and the United States Securities and Exchange Commission (SEC), it seems that the situation is coming to a conclusion, which again has attracted attention to the XRP token and its effects on the entire Crypto Marketplace.

The case that began in December 2020 relates to the SEC’s claim that Ripple sold XRP tokens under an unregistered securities offering. In the recent past, going by the case, the news has been relatively positive for Ripple, thus the high morale by XRP supporters as the value of the token rises.

The result of this case is regarded as probable, which may become the precedent or precedent cases in the entire field of cryptocurrency trade. An affirmative decision in the case would be beneficial for Ripple as it will offer desired legal certainty for digital tokens and could eventually result in XRP’s mainstream adoption.

Over the years the legal battle, Ripple has defended its stand that XRP is a currency and not a security, and they have been supported by different players in the crypto markets. The company has also continued to grow its business and integration especially in the cross-border payment industry through implementing RippleNet which is a faster and cheaper system than the conventional banking current systems.

As the case progresses to draw to an end several cryptocurrency exchanges that had previously removed XRP are now thinking about listing XRP again.

This potential increase of liquidity and availability can even strengthen XRP’s position even more. Also further, Ripple has been expanding rapidly in global markets especially the Asian and Latin American markets where cross border payment solutions are in high demand.

Another factor that has helped sustain the confidence in the XRP is the practicality of the company and partnership with well-known financial organizations. Moving to the future, the dismissal of SEC’s lawsuit may be a good sign for Ripple and XRP’s growth.

The intended result may result in the incorporation of XRP in more institutions, and may establish XRP in this space as the world moves towards financial services of the future. However, the case still presents a picture of the ongoing regulatory dilemmas that affect the entire cryptocurrency sector to this date – indicating that the sector requires better definitions and rules to provide support and guidance to innovative projects, but at the same time prevent investor scams.