$XRP
Drops 10% Due to Legal Issues and Middle East Conflict
XRP fell 10% from Tuesday’s high, reaching a two-month low. The drop happened because of Ripple’s ongoing legal problems and rising tensions between Israel and Iran. These events are making investors avoid risky assets like cryptocurrencies. The price of XRP fell to $2.10 on Sunday and slightly rose to $2.15, but it still faces strong resistance at $2.33.
Ripple is still involved in a legal case about selling $1.33 billion worth of XRP without proper registration. In May, Judge Torres rejected a request from both parties to make a quick ruling. Ripple and the SEC had asked to end a court order and release $125 million in escrow to avoid continuing the appeal.
If the court approves a final settlement, it could remove legal risks for XRP and boost investor confidence. Until then, XRP remains under pressure from both legal uncertainty and global political tensions.
