$ETH Ripple and the Securities and Exchange Commission attempted to end their four-year legal battle with a joint request to dissolve a court restraining order and reduce Ripple's fine.

District Judge Analisa Torres denied the request, stating that she would deny it even if jurisdiction were restored, labeling the motion as "procedurally improper."

The price of XRP fell over 6% following the decision, and traders on the prediction platform Polymarket quickly recalibrated.

The chances of XRP reaching a new all-time high in 2025 dropped from a record 63% to 42% overnight.