#TradeStorie Judicial Blow Shakes XRP: Price Drops After Setback in Ripple-SEC Case.
A judicial setback shakes XRP. Judge Torres rejected the joint motion from Ripple and the SEC, causing a nearly 5% drop in the cryptocurrency's price. Although Ripple's CLO claims that previous victories remain intact, the refusal to modify the $125 million penalty creates uncertainty. The request sought a reduction to $50 million and a partial exemption. This procedural setback impacts investor sentiment, hindering XRP's recovery, which fell back to $2.43. The legal battle continues, and its outcome will define the future of XRP.
A judicial setback shakes XRP. Judge Torres rejected the joint motion from Ripple and the SEC, causing a nearly 5% drop in the cryptocurrency's price. Although Ripple's CLO claims that previous victories remain intact, the refusal to modify the $125 million penalty creates uncertainty. The request sought a reduction to $50 million and a partial exemption. This procedural setback impacts investor sentiment, hindering XRP's recovery, which fell back to $2.43. The legal battle continues, and its outcome will define the future of XRP.
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XRP
2.405
-3.04%