$XRP
🚨 XRP Finds Support at $2.40 US Judge Upholds $125M Fine on Ripple 🚨
Ripple (XRP) slipped by 3% on Friday, trading as low as $2.37 following a negative legal development that reignited concerns over regulatory uncertainty.
The current bearish blow on XRP price comes after U.S. District Judge Analisa Torres rejected a proposed $50 million settlement between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), affirming a prior $125 million penalty and an injunction on future securities violations.
Despite Ripple’s intention to appeal court’s decision to effectively raise the settlement fine from $50 million to $125 million, XRP traders showed negative reaction over the last 24 hours.
Coingecko data shows that Ripple price is trading at $2.35, down 3% since the Court ruling hit the newsreels.
Meanwhile, Bitcoin and Ethereum price posted mild gains on Friday, reclaiming key levels at $104,400 and $2,590 respectively at the time of writing.
