🚨 $XRP Slides 4% After Court Rejects Ripple Deal
A U.S. federal judge rejected Ripple’s request—jointly filed with the SEC—to settle XRP institutional-sale issues by reducing a fine and lifting the injunction .
Ripple now faces a $125 million penalty (covering $102.6M fine + $19.4M interest) and must comply with the injunction .
As a result, XRP price dropped ~4%, hovering around $2.11, with traders eyeing a potential sell-off toward $1.47 .
🧭 What’s the Real Impact?
Uncertainty lingers: While retail XRP sales were ruled non-securities in 2023, institutional sales still face restrictions.
Settlement hopes dashed: Momentum stalls until new legal steps or appeals materialize.
Next potential support: If bearish pressure intensifies, expect XRP to retest ~$1.47—where buyers may start buying the dip .
