XRP has seen a decline of 2.67% due to speculation that the U.S. government may seize XRP secured by Ripple for national reserves.
• Legal uncertainty continues as investors await Judge Torres's ruling on the SEC-Ripple settlement proposal, causing market anxiety.
• The price of XRP dropped from $2.57 to $1.99, reflecting investors' concerns about the unresolved court case and potential ETF risks.
• A positive ruling could lead to the withdrawal of appeals and expedite approvals for XRP exchange-traded funds, potentially driving the price up.
• Conversely, a negative ruling or the SEC's pursuit of an appeal could lead to significant selling pressure and price declines, possibly below $1.50.
