Ripple has hired former SDNY attorney Douglas Samuel Zolkind to join their legal team in the ongoing lawsuit against the US Securities and Exchange Commission (SEC). Zolkind's expertise in white collar criminal defense and government investigations is expected to strengthen Ripple's position in the case.

Meanwhile, the XRP community is buzzing with excitement over the potential for a 30% rally in XRP price due to the formation of a pennant pattern, although there is also a risk of a correction phase if the market continues to show weakness. The SEC is considering filing an appeal against Judge Torres' summary judgment ruling, while Ripple and SEC have been ordered to agree on dates for a possible settlement in other matters related to XRP sale to institutional investors.