In a surprising turn, Judge Analisa Torres has denied both Ripple and the SEC’s joint motion for an indicative ruling in their long-running legal battle. They were hoping the court would reconsider last year’s summary judgment by referencing the recent Coinbase decision, which offered more clarity on the Howey Test and crypto sales.
But Judge Torres wasn’t convinced. She said neither party showed how the Coinbase ruling would actually change the outcome of the Ripple case. Legal expert Fred Rispoli didn’t hold back, saying both sides failed to meet the heavy burden needed to alter or dismiss the case.
So, what does this mean for XRP?
Despite the legal hiccup, XRP’s long-term outlook remains strong. The price recently hit $2.43 before slipping about 5% after the ruling, now hovering near the $2.35 support level. But with growing institutional interest and a bullish market structure, XRP could be gearing up to retest its all-time high soon.
Bottom line? This case isn’t over yet — but neither is XRP’s bull run.