My lovely people, the Ripple and SEC saga keeps making headlines, and this time, the drama is hitting the pockets of those who have XRP! 😩💸 It turns out that the price of XRP took a nosedive, falling more than 7% after a new chapter in this legal battle that seems endless.

Here comes the hot gossip: Ripple Labs just dropped a new letter in the judicial arena, asking the judge for a "indicative ruling". What does that mean in plain English? Well, Ripple and the SEC are asking the court for a signal, like saying: "Your Honor, can we move forward with an agreement while maintaining the original ruling?". Basically, they want to reach a settlement but without touching what was previously decided! 🤝📄 Ripple made it clear that they are not asking for any changes to the prior ruling.

In the letter, Ripple also stood firm and said that, even if the court removed that specific order to "comply with the law" (yes, it’s that crazy!), they will continue to obey all securities laws, just like any other company! It’s like saying: "Don’t worry, we are doing things right and we will follow the rules to the letter, with or without an explicit order". 😉

But hold on! Not everyone took it well. A former SEC lawyer, a guy named Marc Fagel, came out saying that this new letter from Ripple doesn’t bring anything new to the story. According to him, it’s more like a response to the people gossiping and doubting on social media. It seems that social networks also influence the courts! 📱💬

Meanwhile, the poor price of XRP is suffering the consequences of this endless legal drama. After being at $2.31 (a glorious day that didn't last long!), the token plummeted more than 7% and is now hovering around $2.15. Oh dear! 😥 Since the end of May, XRP has tried five times to overcome the barrier of $2.27-$2.30, but it's always told "no", and the last rejection was on June 16. It seems that zone scares it! 🚧

Now, the crypto community and investors are glued to their screens, waiting to see if the court gives the green light to this settlement request. Will they finally put an end to this case that has been going on for years and has everyone on edge? Only time will tell, but uncertainty is taking its toll on XRP! ⏳😬$XRP