#XRP Price Cracks 5% After Kickbacks in Ripple-SEC Lawsuit, What’s Next?

XRP price drop by 5% tests key support after Judge Analisa Torres rejected joint motion for an indicative ruling in Ripple-SEC lawsuit.

Highlights

XRP price tests a significant trendline support at $2.40, that could determine its next move.

Judge Torres emphasized that Ripple and the SEC must meet procedural requirements to modify her earlier ruling.

Pro-XRP lawyer Bill Morgan outlined a potential resolution involving a limited remand.

Ripple CLO Stuart Alderoty assured that Ripple and the SEC would work collaboratively to address the judge's concerns.

XRP price crashed 5% hours after Judge Analisa Torres denied both parties in the Ripple-SEC lawsuit, the request for an indicative ruling. Soon after, market sentiment for XRP flipped bearish as the settlement in the SEC lawsuit could be delayed further. Ripple CLO Stuart Alderoty said that they would be working together with the SEC to address Judge Torres’ concerns.