The cryptocurrency community is closely watching XRP after its price dropped by nearly 4% in a day. The altcoin fell from $2.40 to a low of $2.32 before bouncing slightly to $2.36, according to CoinMarketCap. This drop follows the latest update in the long-running legal fight between Ripple and the SEC.
Source: CoinMarketCap
Many crypto holders are anxious as a key court ruling may change the direction of the case and possibly affect future price movement.
Ripple and SEC Case: What the Court Said and What Comes Next
A fresh ruling by Judge Analisa Torres has put the case back in the spotlight. On Thursday, she rejected the SEC’s request for an “indicative ruling,” which would have allowed the court to update its earlier decision. Legal experts say this move may delay any possible settlement or penalty reduction for Ripple.
Lawyer John Deaton explained that if both want to change the current judgment, they need to work together. According to him, the SEC must drop some of its earlier claims and support new bills in Congress that treat crypto tokens more like commodities, not securities.
Source: X
That would mean crypto assets wouldn't be directly under the SEC’s control anymore.
The court also denied a separate request by the SEC to reduce Ripple’s civil penalty to $50 million. Judge Torres called that motion “procedurally improper,” meaning it was filed in the wrong way. Deaton added that if Ripple is to win some relief, the SEC must agree that the altcoin sales haven’t harmed anyone and that Ripple should be allowed to continue business with banks and other financial firms.
Legal Experts Say Settlement Not Easy, More Steps Ahead
Fred Rispoli, another legal expert, believes it won’t be simple for either party to get a new judgment. He said Ripple and the government body would need to file a 25-page document explaining which parts of the case they are dropping. Rispoli also suggested that the SEC should include statements from its top officials and admit its weak performance in guiding crypto policy.
He expects this process to take two to three weeks. After that, Judge Torres might take another one or two weeks to respond. Bill Morgan, a well-known XRP-focused lawyer, also commented on the situation. He noted that it is still unclear whether both sides will file another motion under federal rules or if the legislation will need to vote again before moving forward with a new settlement plan.
The XRP community is now waiting for the next move, as any further delay could keep the price under pressure.
XRP Price Prediction: Will It Go Up or Drop More?
At the time of writing, XRP is trading around $2.36. It faced a 4.42% fall in the last 20 hours with a volume of 1.96 million. The token found short-term support at $2.31 and is now struggling to rise above the resistance level of $2.42.
Source: TradingView
Bullish Case: If XRP breaks above $2.42 with strong volume, it could target $2.55 or even $2.65. A positive update from the court or a new partnership could help this breakout.
Bearish Case: If XRP falls below $2.31, it might slip further to $2.15. If that level doesn’t hold, the next key support is $2.00. Any negative legal news could push the price lower.
Right now, XRP is in a wait-and-watch mode. Its next move depends mostly on how the Ripple vs legal drama unfolds in the coming days. Additionally, this is just an analysis and investors are advised to make their own research before any investment.
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