$XRP Tanks After Court REJECTS Ripple-SEC Deal!

Settlement Blocked Over Technical Flaw—What's Next? ⚖️📉

Market Shockwave!

In a surprise legal twist, a U.S. federal court has rejected the joint settlement proposal between Ripple Labs and the SEC, citing a procedural error under Rule 60 of the Federal Rules of Civil Procedure ❌.

Original Deal: Slash Ripple’s $125M penalty to $50M

Court’s Response: Motion denied due to filing misstep ⚠️

Ripple's Take: This does NOT affect prior legal wins (e.g. XRP = NOT a security in programmatic sales) ✅

Immediate Fallout:

XRP Price: Down 7% to $2.42

Open Interest: Dropped 9.4% to $4.93B

Liquidations: Over $21M in longs wiped out

Trader Sentiment: Uneasy but hopeful for refiling soon

Legal experts suggest the error is fixable—expect a corrected motion shortly. But for now, tension grips the market.

Pro Tip: Stay alert! Legal turbulence can be a golden entry opportunity—but only if you time it right.

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